Fordham IPLJ Article: Puzzles of the Zero-Rate Royalty
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Puzzles of the Zero-Rate Royalty
Eli Greenbaum*
ARTICLE

  The full text of this Article may be found here.

27 Fordham Intell. Prop. Media & Ent. L.J. 1

Article by Eli Greenbaum*

ABSTRACT

 

[P]

atentees increasingly exploit their intellectual property rights through royalty-free licensing arrangements. Even though patentees using such frameworks forfeit their right to trade patents for monetary gain, royalty-free arrangements can be used to pursue other significant commercial and collaborative interests. This Article argues that modern royalty-free structures generate tension between various otherwise well-accepted doctrines of patent remedies law that were designed for more traditional licensing models. As such, current doctrines provide conflicting frameworks for evaluating the royalty-free arrangement, and offer inconsistent approaches for determining the appropriate remedy for their breach. This discord grows out of courts’ inadequate attention to non-monetary consideration in licensing transactions, and how such non-monetary obligations have been used to structure the licensing relationship and broader collaborative efforts.

 


*           Partner, Yigal Arnon & Co. J.D., Yale Law School; M.S., Columbia University.