2. October 2014

IP and Competition Law Newsletter: New Competition rules may require amendments to existing licensing agreements

In line with the general trend in anti-trust regulation, the European Commission enacted stricter rules on technology transfer agreements. These rules have wide-ranging significance, and all technology and IP-driven companies doing business in the EU and/or Switzerland should be aware of and in compliance with the new rules. Businesses are granted a grace period until 30 April 2015 to adjust their existing licensing agreements to the new provisions. Thus, immediate action is required to assess the compliance of existing contracts with the new provisions and, if need be, to negotiate and implement required amendments. (read more)