An intellectual property (IP) licence is effectively a promise not to sue for infringement of an intellectual property right (IPR). If litigation occurs, it is frequently settled by an alleged or proven infringer taking a licence. Payments of damages in litigation are often set on the basis of a notional royalty. It is therefore appropriate to consider the two topics in a single chapter.

Inspec keywords: industrial property

Other keywords: intellectual property right; litigation; notional royalty; licensing

Subjects: Legal aspects