Changes to Technology Transfer Block Exemption: licensees win
By Kieron Kelly and Brian Sher
The new Technology Transfer Block Exemption Regulation (TTBE) was published on 21 March 2014. The TTBE is the European Union’s main competition law instrument in the technology transfer space. The new rules will apply from 1 May 2014, when the old TTBE expires.
Some will say that not much will change, but the new TTBE contains three significant revisions that benefit licensees in the following areas: challenges to the validity of licensed rights; exclusive grant backs of improvements; and passive sales…
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