What is a patent?
A patent is a national right allowing the patent holder a limited duration in which they may prevent others from commercially using the invention. A patent holder may authorize others to use the invention. This way, competition in the market is opened up and the innovation process can continue to flourish. This is the principle behind the creation of Signify’s EnabLED patent licensing program.
What does a patent cover? How is a patent read?
The scope of the rights in a patent is defined by the patent claims. The claims are found at the end of a U.S. patent, and before the figures in a European patent. When all the elements of a claim are found in a product and such product is brought to the market without the permission of the owner, then that product ‘infringes’ the patent. A patent owner may request that the maker, importer, or seller, stops using the patent, or it may choose to grant a license.
Who bears responsibility for branded products?
When placing products in the market the seller assumes responsibility for all applicable regulations including patent law relating to those products, even if they are manufactured by third parties.
What are the options within Signify’s EnabLED patent licensing program?
If a branded product makes use of one or more Signify patents contained in the EnabLED program then Signify offers the owner of the brand under which the product is offered a license agreement which settles for the past use of the patents and provides permission, in return for a royalty, to continue to use the patents.