Definition: An IP license is an agreement between the owner of a specific IP right and a third party, in which the IP owner (licensor) provides the third party (licensee) with the right to use (part of) its IP rights for a limited time, for certain products, in an often restricted geographic area.

Managed correctly, it can provide businesses with an important revenue stream, as well as offering them a cost-effective method to extend their brand into new product or service areas, and into new markets.

Exclusive License in Trademarks:

An “exclusive license” means a license whether general or limited, authorising the licensee to the exclusion of all other persons including the person granting the license, to use a registered trade mark in the manner authorised by the license and the expression “exclusive licensee” shall be construed accordingly.

An exclusive licensee shall have the same rights against a successor in title who is bound by the license as he has against the person granting the license.

Exclusive License in Copyright:

A license which confers on the licensee or on the licensee and persons authorised by him, to the exclusion of all other persons (including the owner of the copyright), any right comprised in the copyright in a work and “exclusive licensee” shall be construed accordingly ;

Exclusive License in Patents:

Exclusive license” means a license from a proprietor of, or an applicant of, a patent which confers on the licensee, or on the licensee and persons authorised by him, to the exclusion of all other persons, including the proprietor or applicant, any right in respect of the invention, to which the patent or application relates, and “exclusive licensee” and “non-exclusive licensee” shall be construed accordingly;

Compulsory License in Patents:

Non-voluntary License/Compulsory License: a non-voluntary license is issued to prevent the abuses which result from the exercise of the rights conferred by the patent, for example, failure to work.

A non-voluntary license shall not be issued if the owner of the patent satisfies the Controller that circumstances exist which justify the non-exploration or insufficient exploitation of the patented invention in Pakistan.

Definition: A domain name is a mark which is a user friendly substitute for an Internet address. The provisions of Trademarks Ordinance 2001 apply to domain names subject to the provisions of the Third Schedule.

Requirements for registration

A domain name if used as a source identifier may be registered as a trade mark in respect of relevant goods or services.

The applicant for registration of domain name shall show that he offers goods or services via internet using the domain name. Such evidence shall be in the form of specimen showing use of the domain name as a source identifier.

Company Registration & DRAP Services.