Puerto Rico Patent License Agreement

State:
Multi-State
Control #:
US-CP5B11
Format:
Word; 
PDF; 
Rich Text
Instant download

Description

This agreement is used when a Licensor has made certain new and useful innovations. The agreement gives the Licensee a license to exploit these new and useful innovations in the marketplace and make a profit from them.

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How to fill out Puerto Rico Patent License Agreement?

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FAQ

A patent only protects your invention in the country where the patent is registered. For protection overseas, you can: file a single application under the Patent Cooperation Treaty (PCT) for protection in more than 140 countries.

Puerto Rico is a territory of the United States and does not have a national patent office. The protection afforded by any US patent extends to Puerto Rico.

A patent obtained from the United States Patent and Trademark Office (USPTO) however, will provide protection automatically in Puerto Rico.

In short, a patent license agreement is a legal contract created to define the terms under which a licensee may create, sell, and use a patented invention from a licensor (or patent owner). This agreement also spells out how royalties will be paid to the licensor/patent owner.

Federal trademarks give you ownership across all 50 states, plus all U.S. territories. Federal trademarks allow you to use the ® symbol. You can file infringement suits in federal courts. Your mark will be listed in the U.S. Patent and Trademark Office (USPTO) database.

Since the rights granted by a U.S. patent extend only throughout the territory of the United States and have no effect in a foreign country, an inventor who wishes patent protection in other countries must apply for a patent in each of the other countries or in regional patent offices.

U.S. TRADEMARKS IN PUERTO RICOU.S. trademark registrations can be enforced against infringers in Puerto Rico. Remedies available for trademark infringement under United States law include injunctive relief, lost profits and monetary damages, which can be trebled, and, in exceptional cases, attorney's fees.

No, a U.S. trademark registration will not protect your trademark in a foreign country. Trademarks are territorial and must be filed in each country where protection is sought.

However, registering a trademark federally offers much more legal protection. A federal registration gives the right to use the mark exclusively throughout the county while a state registration only covers within the territory of the state.

U.S. TRADEMARKS IN PUERTO RICOU.S. trademark registrations can be enforced against infringers in Puerto Rico. Remedies available for trademark infringement under United States law include injunctive relief, lost profits and monetary damages, which can be trebled, and, in exceptional cases, attorney's fees.

More info

Licensor Patents? means all Patents owned, or licensable as described in this Agreement, at any time during the License Term, by Licensor. ?Open Patent ... Ilcha owns patents related to the design of Product Q and has developed a unique trademark and other marketing intangibles. The patents and trademarks are ...Define Watson License-Out Agreement. means a Watson Patent and TechnologySky Canada, Oracle Puerto Rico and Watson, to be completed in compliance with ... The Patent Cooperation Treaty (PCT) is an international patent law treaty, concluded in 1970. It provides a unified procedure for filing patent applications ... The most significant changes to the Puerto Rico trademark law and/or advantages"secondary meaning," a provision for recordation of license agreements, ... 27.204-2 Use of patented technology under the General Agreement onU.S. territories and possessions, Puerto Rico, and the Northern Mariana Islands. 16-Aug-2018 ? in which Medtronic Puerto Rico agreed to pay royalty rates of 44% forintangibles under the intercompany licensing agreements, the IRS ... Business and Intellectual property attorneys in Puerto Rico.licensing and enforcement; ?Patent registration, prosecution, licensing and enforcement ... 8 days ago ? technology in the form of a patent application orlicenses, agreements, or other approvals from the. Department of State's Directorate ... You represent that you are at least 18 (or, if you are a Puerto Ricothe licenses and sublicenses to your Submission as described in these Terms of Use.

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Puerto Rico Patent License Agreement