CLP International Licensing Flashcards
6 cards from real CLP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 CLP International Licensing flashcards as text
The Paris Convention for the Protection of Industrial Property primarily provides what benefit to international patent applicants?
Answer: A 12-month priority period allowing a foreign filing to claim the original application date
The Paris Convention's priority right allows an applicant who files in one member country to file in other member countries within 12 months claiming the original filing date.
Under the Patent Cooperation Treaty (PCT), an international application allows an applicant to:
Answer: File a single application designating multiple countries, deferring national phase entry and costs
A PCT application provides a unified filing procedure covering 150+ countries and defers entry into each country's national phase, buying time for commercial decisions.
In international licensing, withholding tax on royalty payments refers to:
Answer: A tax deducted by the licensee's country from royalty payments before remitting them to the foreign licensor
Withholding tax is levied by the licensee's country on outbound royalties, reducing the net amount the licensor receives from international deals.
A 'repatriation restriction' in an international license agreement refers to limitations on:
Answer: The licensee's ability to transfer royalty payments out of the country to the foreign licensor
Some countries restrict or delay conversion and transfer of currency abroad, which can prevent licensees from remitting royalties to foreign licensors.
Which international agreement harmonizes trademark registration procedures through a centralized filing system administered by WIPO?
Answer: Madrid System
The Madrid System allows trademark owners to file a single international application at WIPO to seek protection in multiple member countries.
The TRIPS Agreement (Trade-Related Aspects of Intellectual Property Rights) is significant to international licensing because it:
Answer: Establishes minimum IP protection standards that all WTO member countries must provide
TRIPS requires WTO members to enact minimum IP protection levels—including patents, copyrights, and trademarks—providing a baseline for licensors in over 160 countries.