March 26, 2020 Articles

Life in the Fast Lane: How Delaware’s Rapid Arbitration Act Can Resolve Licensing Disputes

Parties should consider incorporating the act in their agreements to resolve disputes in as little as 120 days.

By Travis S. Hunter

Intellectual property licenses do not come in one shape and size. Rather, they are often customized based on deliberate decisions of the contracting parties. For example, a patentee may grant a nonexclusive license to commercialize but may restrict the rights granted in another license to research and development activities. Although sublicensing may be permissible, any sublicensee can acquire (at most) only the same rights as the original licensee.

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