A recent decision of the Full Federal Court of Australia (Bristol Myers Squibb Company v Apotex Pty Ltd [2015] FCAFC 2) has resolved uncertainty about the requirements for an exclusive licence of a patented invention.
Legislation
The Patents Act 1990 (Cth) provides that an exclusive licensee holds a licence from the patentee to exploit the patented invention, in the patent area, to the exclusion of the patentee and all others. The Act defines “licence” as a licence to exploit, or to authorise the exploitation of, a patented invention.
The Act also provides that an exclusive licensee has standing to commence patent infringement proceedings, in addition to the patentee.