Manage your Intellectual Property in Latin America

IP Glossary

Term description:

Foreign Direct Investment. Is the investment of another country made by any natural or legal person -public institutions and companies, private companies, etc. In the target country, this inflow of investment may occur by either starting an undertaking or by expanding operations of an existing business by establishing a subsidiary in that country. According to the OECD, FDI aims at exercising influence on the acquired or invested undertaking; the requirement for the parent company is that it must own at least 10% of the subsidiary. 

Term description:

Acronym that means Free and Open Source Software, in English. It is a software linked by a license that allows users the study, modification and improvement of its design through the availability of the source code.

Term description:

Arrangement where one party (the franchisor) grants to another party (the franchisee) the right to use its trademark or trade name as well as certain business systems and processes to produce and market a good or service according to certain specifications.

Term description:

(Fair, Reasonable and Non-Discriminatory) The term FRAND refers to the obligation of the owner of a Patent, which is part of a Standard, to grant non-exclusive licenses to anyone who applies for it. The conditions of said license must be fair, reasonable and non-discriminatory. Determination of whether a license follows FRAND principles is assessed on a case-by-case basis. 

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