Revised technology transfer block exemption adopted by the European Commission
On 21 March 2014, the European Commission adopted a revised technology transfer block exemption (TTBE), which applies to bilateral licences of technology rights, by which the licensee is permitted to exploit the rights to produce goods or services. The commission has also issued new guidelines setting out how the TTBE will be applied.
The new TTBE, adopted by the commission following a lengthy consultation process, does not represent a significant departure from the previous approach to technology licensing. The underlying architecture of the exemption remains the same: namely that agreements complying with the requirements of the block exemption will benefit from a ‘safe harbour’ from the competition rules. There are, however, some important changes to the conditions that must be met for the ‘safe harbour’ to apply.
The new TTBE and accompanying guidelines will come into force on 1 May 2014 and will remain in force until 30 April 2026. Under the transitional provisions, businesses have until 1 May 2015 to ensure that any existing agreements that currently benefit from the current ‘safe harbour’ comply with the new TTBE…
Click on the link below to read the rest of the Eversheds briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Eversheds
News from The Lawyer
Briefings from Eversheds
The Italian government has powers to intervene in certain transactions involving Italian defence companies under Italian Law Decree No. 21 of 15 March 2012.
Section 56 of the Data Protection Act 1998, dormant since the DPA came into force, is expected to be implemented shortly.
Analysis from The Lawyer
Eversheds is no stranger to an international tie-up but now it’s in the market for the jewel in its global crown
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all