Can the Research Non-Assertion Pledge be terminated or revoked?
Yes, there are two scenarios. The first is when the beneficiary of the Pledge initiates a patent infringement claim against the Grantor or its customers. The Grantor may terminate the Pledge as it relates to the party bringing the action in order to allow the Grantor to assert its patents in connection with defending against the action. This is sometimes called “defensive termination”. The second scenario is if the Grantor wishes to withdraw certain patent rights from the Pledge or to terminate the Pledge in its entirety, it may do so by providing notice on its Web site, but it must provide at least a 12 month grace period for the completion of existing research projects.
Related Questions
- If a domestic entity is terminated, cancelled, or dissolved or a foreign entity’s certificate of authority or registration is revoked, is there a deadline for reinstatement?
- Can Grantors Specify Only Some Patents To Include The Research Non-Assertion Pledge?
- Who may take advantage of the GreenXchange Research Non-Assertion Pledge?
