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- W2158016288 abstract "Intellectual Property Rights gives an inventor an exclusive right of exploitation and its objective is to create an incentive for companies to improve existing products or develop entirely new products. However, even if a firm is granted an IPR there is a possibility, that while enjoying them, the use may be in conflict with competition law. Accordingly, competition law may limit the scope of an IPR, working as a “second tier”. The interface between the two systems of law actualizes on the one hand, the necessity to preserve the incentive for innovators to develop new products; on the other hand, it actualizes the importance of free competition, which may be restricted by the use of an IPR. Both EU and US law acknowledge IPRs as an important incentive for investment and innovation and a common objective for EU and US competition law is to achieve consumer welfare. Nonetheless, the EU approach also has to take in consideration the realization of an internal market, which is an objective not shared with the US. Although compulsory licensing of an IPR could amount to excessive interference with a firm’s proprietary rights, both the Supreme Court and the CJEU have found situations, in which a firm has been compelled to license its IPR and where the refusal to license has been seen as an abusive conduct in contrast with competition law. Additionally, EU law presumes that an abusive conduct is in contrast with competition law, with possibilities to exempt or justify such conduct either under block exemption regulations or Article 101.3 TFEU; US law instead distinguishes between conduct either prohibited per se or treated under the rule of reason and seeing to whether the restraint is reasonably necessary to achieve procompetitive benefits that outweigh anticompetitive effects. In conclusion, the approach of the two systems of law differ, where the CJEU has went with a more formalistic approach rather than the rule of reason applied by the Supreme Court." @default.
- W2158016288 created "2016-06-24" @default.
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- W2158016288 date "2013-01-01" @default.
- W2158016288 modified "2023-09-27" @default.
- W2158016288 title "Restricting the Use of an Intellectual Property Right – The Cross-Atlantic View on Compulsory Licensing" @default.
- W2158016288 hasPublicationYear "2013" @default.
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