The licensing function for a leading worldwide producer of specialty materials was having difficulty managing IP rights and obligations for its large and growing portfolio of license agreements. Charles River Associates was engaged to design, develop, and implement a custom license agreement management database tool to proactively manage the license agreement portfolio. The database tool systematically tracked IP rights licensed-in or granted to others and included all royalty provisions and key nonfinancial terms and conditions such as licensed products, field-of-use restrictions, and exclusivity provisions. Standardized reports by product, responsible business unit, and licensing manager were provided to assist in managing the agreements. A royalty tracking feature was included to help identify potential underreporting of royalties by licensees.
A look at Chinese courts’ new approach to IP damages
In this Law360 article, Fei Deng, Hong Qiao, and Yi Cheng examine the trend of Chinese courts toward awarding larger non-statutory damage awards in IP cases....