As clients and legal counsel begin to develop global patent portfolios, one topic comes up annually: working requirements. A working requirement is a provision of a national patent statute that states an owner of a patent must practice the patented invention within the country that granted the patent. To satisfy the requirement, a patent owner may need to build new manufacturing capacity in the country, utilize existing capacity in the country, or license the patented invention to a third-party for manufacturing the patented invention, or perform the patented process, locally. Consequences for not working a patented invention in contravention of local statutes may include monetary sanctions, as well as potential for loss of patent rights or compulsory licenses to third parties. READ MORE |