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ARTICLE · 10 APRIL 2018

License Of Rights In Patents

S&A Law Offices
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‘License of Rights' seems a good option for Patentees, who are seeking to license their patents, but do not have resources and time for commercialization of Patents yet want to benefit from their Patents.

IndiaIntellectual Property
Suchi Rai
Suchi Rai
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'License of Rights' seems a good option for Patentees, who are seeking to license their patents, but do not have resources and time for commercialization of Patents yet want to benefit from their Patents. Although other countries have provision for 'License of Rights' in Patents, India does not have this provision in Patent Law.

Introduction

License of Right Proposal means the patent proprietor can request for making an entry in the Register of Patents maintained by Patent Office that the Patent is available for license. Thereupon, interested parties can apply for getting license under the Patents of their interest which are endorsed with 'License of Right' in the Register of Patents. The Patentee gets benefit from Patent Office also, for registering his patents to be endorsed with the term 'License of Right', by getting 50% rebate on renewal fee for the term of the Patent.

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