CLP CLP International Licensing

Question 1

The Paris Convention for the Protection of Industrial Property primarily provides what benefit to international patent applicants?

Accepted Answer

A 12-month priority period allowing a foreign filing to claim the original application date

Answer

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.

Question 2

Under the Patent Cooperation Treaty (PCT), an international application allows an applicant to:

Accepted Answer

File a single application designating multiple countries, deferring national phase entry and costs

Answer

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.

Question 3

In international licensing, withholding tax on royalty payments refers to:

Accepted Answer

A tax deducted by the licensee's country from royalty payments before remitting them to the foreign licensor

Answer

Withholding tax is levied by the licensee's country on outbound royalties, reducing the net amount the licensor receives from international deals.

Question 4

A 'repatriation restriction' in an international license agreement refers to limitations on:

Accepted Answer

The licensee's ability to transfer royalty payments out of the country to the foreign licensor

Answer

Some countries restrict or delay conversion and transfer of currency abroad, which can prevent licensees from remitting royalties to foreign licensors.

Question 5

Which international agreement harmonizes trademark registration procedures through a centralized filing system administered by WIPO?

Accepted Answer

Madrid System

Answer

The Madrid System allows trademark owners to file a single international application at WIPO to seek protection in multiple member countries.

(CLP) Certified Licensing Professional Practice Test

(CLP) Certified Licensing Professional Practice Test

CLP CLP International Licensing