The Problems of License Patent Agreement in Indonesia

Agung Sujatmiko

2018

Abstract

This paper will elaborate the legal principles used in a patent license agreement. To analyze this substantive, this work will apply normative legal research. At the end, this work offers some substantive and pragmatic approaches. The substantive approach will discuss and examine some theories, norms, and policies. The freedom of contract principle is the main principle of contract to legalize a patent license agreement. Freedom of contract is applied in the manufacture of a patent license agreement. According to the freedom of contract, the parties are free to formulate the license agreement including but not limited to royalty payment, dispute resolution, and the end of the license agreement. The other basic principle of contract covering a patent license agreement is mutual benefit. This principle requires that the parties must obtain economic value (profit) on the agreement. Licensor is willing to obtain royalty payments from the licensee. The royalty belongs to economic rights which are transferable in order to maximize benefit of the patent to the licensor. In addition, another principle is the principle of equality. Equality does not mean only the licensor who has a right to terminate the license agreement but also the licensee does

Paper Citation

in Harvard Style

Sujatmiko A. (2018). The Problems of License Patent Agreement in Indonesia.In Proceedings of the 2nd International Conference Postgraduate School - Volume 1: ICPS, ISBN 978-989-758-348-3, pages 672-675. DOI: 10.5220/0007549306720675

in Bibtex Style

@conference{icps18,
author={Agung Sujatmiko},
title={The Problems of License Patent Agreement in Indonesia},
booktitle={Proceedings of the 2nd International Conference Postgraduate School - Volume 1: ICPS,},
year={2018},
pages={672-675},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0007549306720675},
isbn={978-989-758-348-3},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 2nd International Conference Postgraduate School - Volume 1: ICPS,
TI - The Problems of License Patent Agreement in Indonesia
SN - 978-989-758-348-3
AU - Sujatmiko A.
PY - 2018
SP - 672
EP - 675
DO - 10.5220/0007549306720675