{"id":10463,"date":"2022-02-08T06:48:57","date_gmt":"2022-02-08T06:48:57","guid":{"rendered":"https:\/\/swaritadvisors.com\/blog\/?p=10463"},"modified":"2022-02-08T06:50:19","modified_gmt":"2022-02-08T06:50:19","slug":"patent-licensing-in-singapore","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/blog\/patent-licensing-in-singapore\/","title":{"rendered":"All You Need to Know About Patent Licensing in Singapore"},"content":{"rendered":"\n<p class=\"has-drop-cap\">In\nthis blog, we are going to discuss the requirements, scope, and types of\nlicenses for Patents in Singapore along with the precise provisions under the\nPatent and Civil Laws in Singapore since there is still no particular\nlegislation to regulate &amp; govern the same. Scroll down to check more about\nPatent Licensing in Singapore.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3ad98e98b86\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3ad98e98b86\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/blog\/patent-licensing-in-singapore\/#What_do_you_mean_by_Patent_Licensing_in_Singapore\" title=\"What do you\nmean by Patent Licensing in Singapore?\">What do you\nmean by Patent Licensing in Singapore?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/blog\/patent-licensing-in-singapore\/#Why_is_it_necessary_to_license_an_invention_by_a_Patent_owner\" title=\"Why is it\nnecessary to license an invention by a Patent owner?\">Why is it\nnecessary to license an invention by a Patent owner?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/blog\/patent-licensing-in-singapore\/#Patent_Licensing_in_Singapore\" title=\"Patent\nLicensing in Singapore\">Patent\nLicensing in Singapore<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/blog\/patent-licensing-in-singapore\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_do_you_mean_by_Patent_Licensing_in_Singapore\"><\/span>What do you\nmean by Patent Licensing in Singapore?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A Patent is a right conferred for an invention, which is a product\/item or a process that provides a new &amp; unique technical solution to a problem or gives a new way of doing something in general. Technical details regarding the invention should be made available to the public in a Patent application to get a patent. In theory, the owner of the Patent has the right to prohibit\/restrict others from commercialising the patented idea. In other terms, <a href=\"https:\/\/swaritadvisors.com\/patent-registration\" class=\"text-primary\"><strong>Patent Registration<\/strong><\/a> prevents others from using, making, selling, distributing, or importing the invention without the consent of the Patent owner.<\/p>\n\n\n\n<p>Licensing\nis a process in which the owner of a product permits authorisation to another\ncompany to profit from the licensed product. Licensing IP means that the\nLicensor grants the licensee to use their assets in a particular way. To be\nmore precise, the owner keeps an interest in the licensed property, i.e., the\nbenefits from the transfer of their Intellectual Property while maintaining\ncontrol, as opposed to assigning Intellectual Property, in which the owner of\nIntellectual Property transfers all of their rights (ownership) to the\nassignee.<\/p>\n\n\n\n<p>Thus\nthe meaning of Patent Licensing in Singapore is that the owner of the Patent\nallows another entity to sell, use, or create their patented innovation. This\nhappens under agreed terms &amp; conditions, which are binding on parties, for\na particular purpose, in a particular area, and for a specific time. The\nlicensing agreement includes provisions concerning the determination of the\namount payment mode to be made by the licensee to the Licensor.<\/p>\n\n\n\n<p>The freedoms of the licensee in terms of alteration, transfer, sub-licensing, and so on are limited; the licensor benefits because they restrain control over the right in return for royalties. Moreover, it increases the likelihood of realising the full earning potential of the <strong>Intellectual Property (IP<\/strong><sup><a href=\"https:\/\/www.wipo.int\/about-ip\/en\/\" class=\"text-primary\"><strong>[1]<\/strong><\/a><\/sup><strong>) <\/strong>because the penalties of an improper property valuation are avoided.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_is_it_necessary_to_license_an_invention_by_a_Patent_owner\"><\/span>Why is it\nnecessary to license an invention by a Patent owner?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A\nPatent owner can license their invention for various reasons, comprising a lack\nof manufacturing facilities or funds, so they issue a license to a 3<sup>rd<\/sup>\nparty to market, make &amp; distribute their patented invention in exchange for\na royalty. Otherwise, the patented innovation&#8217;s owner may have a limited\nmanufacturing facility that is unable to meet customer demand, so they may\nlicense another party to sell &amp; manufacture their product, generating a new\nincome source for them. It is possible that the business of the Patent owner is\nlimited to a specific geographical location, and the owner wants to expand it.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Patent_Licensing_in_Singapore\"><\/span>Patent\nLicensing in Singapore<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol><li><strong><em>Exclusive License &amp; Rights\nof Licensee<\/em><\/strong>: Section 2(1) of the Act permits for\nlicensing whereby a licensee is issued a license to the exclusion of others,\ncomprising the Licensor himself. Licensees have the same rights &amp; remedies\nas the right owner. Such a licensee has rights that are simultaneous with those\nof the right owner, and both parties have the same rights &amp; remedies; as an\noutcome, any one of the two parties may initiate a violation action in court,\njointly or individually.<\/li><li><strong><em>Implied License<\/em><\/strong>:\nThe policy of implied licensing is based on the implication that a license for\nan IPR is created when a patented product or item is sold unconditionally.\nUnless otherwise agreed upon in written terms during the sale, this license\nwould grant the purchase of the product the rights to use, import or export,\nmaintain, resale, and so on. This changes from the American approach of rights\nexhaustion, in which the owner&#8217;s Patent rights expire with the initial sale,\nleaving the owner without recourse against contract terms &amp; Patent claims.<\/li><li><strong><em>Written or Oral Contract<\/em><\/strong>:\nIt\u2019s usually a necessity that a license is in writing to be effective for\nregistered IPR. But, a license doesn\u2019t have to be entered in any format under\nthe Patents Act. An oral license must be enforceable, just like in the UK. <strong><em>Section\n6(e) of the Civil Law Act <\/em><\/strong>gives that licenses that are not executed\nwithin one year of the agreement should be in writing &amp; signed for them to\nbe effective. <\/li><li><strong><em>Registration<\/em><\/strong>:\nLicenses are registrable when they involve registrable IPR. A registrable\nlicense is unproductive against an individual who acquires a differing interest\nin the right in ignorance of the license until a registration application of\nthe stated particulars of the license is made.<\/li><li><strong><em>Revocation<\/em><\/strong>:\nA bare license may be cancelled at any time, or at least with enough notice if\nauthorisation is issued without any contractual thought. If the license is\ncontractual, the revocation terms, as laid down in the contract, should be\nfollowed. Revocation is a violation of the contract if there is no\nexpress\/implied right of revocation. <\/li><\/ol>\n\n\n\n<p>The\nlaw remedy for mistaken revocation is damaged for violation of a contract;\nhowever, if there has already been a supposed revocation, equity will forbid\nthe Licensor from cancelling or treating the licensee as a violator. But, in\ninstances of licensing where contractual considerations are not present, the\nprevious remedies don&#8217;t apply. In these instances, the license can be cancelled\nat any time.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>After discussing Patent Licensing in Singapore, it is concluded that, when licensing the Patent, the Licensor will not have to worry about increasing funds to promote their product because the licensee will cover the costs of distribution, sales, production, marketing, and packaging, among other things. The innovation of the Licensor is marketed faster when he or she licenses it to a well-known company since he or she will be able to gain the benefits from their engagement, knowledge, and infrastructure, which will be most perfect able to get the product into the market more easily.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our Article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/blog\/file-an-international-patent-application\/\">How Can You File an International Patent Application?\n<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this blog, we are going to discuss the requirements, scope, and types of licenses for Patents in Singapore along with the precise provisions under the Patent and Civil Laws in Singapore since there is still no particular legislation to regulate &amp; govern the same. Scroll down to check more about Patent Licensing in Singapore. [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":10466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[55],"tags":[979],"acf":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/10463"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/comments?post=10463"}],"version-history":[{"count":14,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/10463\/revisions"}],"predecessor-version":[{"id":10478,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/10463\/revisions\/10478"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media\/10466"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media?parent=10463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/categories?post=10463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/tags?post=10463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}