5. Types of Settlement Agreements in Patent through a variety of settlement agreements, each offering different benefits depending on the needs and goals of the parties involved. Below are the common types of settlement agreements used in patent disputes. 5.1 Licensing Agreements Royalty-Based Licenses: One of the most common types of settlements in patent disputes. The alleged infringer agrees to pay royalties (either ongoing or a lump sum) to the patent owner in exchange for the right to central african republic b2b leads continue using the patented technology. Exclusive vs. Non-Exclusive Licenses: In an exclusive license, the patent owner grants the licensee exclusive rights to use the patent, preventing others from doing so.
In contrast, a non-exclusive license allows the patent owner to license the technology to multiple parties. Advantages of Licensing: Licensing agreements allow both parties to benefit financially. The patent holder can monetize their patent, and the licensee can continue to operate without the threat of future litigation. 5.2 Monetary Settlements Lump Sum Payments: The accused infringer pays the patent holder a one-time amount, often negotiated as a middle ground between estimated damages and the cost of ongoing litigation. This approach provides immediate closure and financial resolution for both parties. Structured Settlements: In some cases, the settlement may involve structured payments over time, allowing the accused infringer to spread out the financial burden.
Disputes Patent disputes can be resolved
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