Choose the most appropriate (specific) term from the dropdown menu for the term provided.

Parallel imports are often referred to as the black market problem.

The compensation paid to the owner of IPR by a licensee is known as:

The Paris Convention provides an 18 month period for a party obtaining a patent in one country to file applications in other member countries.

International IP Strategy

IP licenses for less than a year need not be in writing.

A clause in a licensing contract that requires any improvement made by the licensee to be assigned to the licensor is called:

IPR contracts have both express and implied provisions.

When one person receives a consent to use another person’s invention, even though there is no discussion to pay a royalty, the law implies that the user must pay compensation to the inventor.

An improvement to a licensed technology made by a licensee automatically becomes the property of the licensor.