CLP IP Portfolio Management & Strategy 3

Question 1

What is the key distinction between an exclusive license and an assignment of IP?

Accepted Answer

An assignment permanently transfers full ownership, while an exclusive license grants rights while the licensor retains title

Answer

An assignment covers all territories while an exclusive license is always geographically limited

Answer

An exclusive license permits sublicensing to third parties while an assignment does not

Answer

An assignment requires regulatory approval while an exclusive license can be granted informally

Question 2

Which of the following is a primary advantage of a non-exclusive licensing strategy for an IP owner?

Accepted Answer

Maximizing total licensing revenue by licensing the same IP to multiple parties simultaneously

Answer

Maintaining tighter control over product quality and brand consistency in the market

Answer

Giving a single licensee uncontested market position to accelerate technology adoption

Answer

Simplifying royalty accounting by limiting the total number of active licensees

Question 3

What is 'open innovation' in the context of IP management?

Accepted Answer

A strategy where companies leverage both internal and external ideas and technologies, and share IP with partners, to accelerate innovation

Answer

A policy of making all company patents freely available to the public without royalties

Answer

Filing patents with intentionally broad claims to cover wide technology areas preemptively

Answer

Allowing employees to commercialize company-owned IP independently for personal benefit

Question 4

In licensing strategy, what is a 'field of use' restriction?

Accepted Answer

A limitation that confines the licensee's use of the IP to a specific application, industry, or market segment

Answer

A geographic boundary specifying the territories in which licensed products may be sold

Answer

A time constraint specifying when the licensee must begin commercializing the licensed technology

Answer

A quality standard or specification that licensed products must satisfy to bear the brand

Question 5

What is the purpose of a 'most favored licensee' (MFL) clause?

Accepted Answer

To ensure that a licensee receives terms at least as favorable as those granted to any other licensee for the same IP

Answer

To give the licensor the right to terminate the agreement if the licensee misses performance milestones

Answer

To require the licensor to offer the licensee first rights to improvements made to the licensed IP

Answer

To guarantee the licensee exclusive rights within its designated field of use throughout the term

Question 6

What does a 'reach-through' royalty provision typically require in a licensing agreement?

Accepted Answer

Royalties on downstream products or revenues generated through use of the licensed technology, even if those products do not directly incorporate the licensed IP

Answer

The licensor's right to audit sublicensee records by reaching through the primary licensee

Answer

Continued royalty obligations on products sold after the licensed patent has expired

Answer

Royalty payments by the licensee on improvements it independently develops using the licensed technology

Question 7

Which of the following best describes 'technology transfer' in a university licensing context?

Accepted Answer

The process by which universities commercialize research-generated IP by licensing it to companies or forming spin-off ventures

Answer

The physical transfer of laboratory equipment and instrumentation from universities to industry sponsors

Answer

The assignment of student-developed inventions to the university under institutional IP policies

Answer

The exchange of technical expertise between universities through faculty sabbaticals and joint appointments