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The Hague Agreement Concerning the International Deposit of Industrial Designs, also known as the Hague system, provides a mechanism for registering an industrial design in several countries by means of a single application, filed in one language, with one set of fees. The system is administered by WIPO.
The WIPO Hague System provides an international mechanism for securing and managing design rights simultaneously, in multiple countries and regions, [1] through one application filed directly with WIPO. [2] The resulting international registration provides design owners with the equivalent of a bundle of national or regional registrations.
In essence, under a compulsory license, an individual or company seeking to use another's intellectual property can do so without seeking the rights holder's consent, and pays the rights holder a set fee for the license.
The WIPO Academy is the training arm of the World Intellectual Property Organization (WIPO), it was established in 1998. [140] It offers intellectual property (IP) education, training and IP skills-building to government officials , inventors , creators, business professionals, small and medium enterprises (SMEs), academics, students and ...
Providing the maintenance fees are paid, utility patents are generally valid for up to 20 years from the date of filing (with some exceptions). [13] Design patents cover the ornamental appearance of an item. Design patents can be invalidated if the design is dictated solely by function (e.g. the outline of a key blade blank).
Royalty rate assessment is a practical tool to gauge the impact of a royalty commitment in a technology contract on the business interests of the contracting parties. In this coverage, the terms 'royalty', 'royalty rate' and 'royalties' are used interchangeably.
Intellectual property valuation is a process to determine the monetary value of intellectual property assets. IP valuation is required to be able to sell, license, or enter into commercial arrangements based on IP.
The term of a patent is the maximum time during which it can be maintained in force. It is usually expressed in a number of years either starting from the filing date of the patent application or from the date of grant of the patent.