Professional Documents
Culture Documents
Abdul Hanan Ansari 0003/49 Abhishek Kumar 0009/49 Abhiyan Adhikari 0012/49 Ajaya Kumar Sahu 0021/49 Akash Roy 0022/49 Akshay Goel 0026/49 Anil Kumar Reddy 0040/49 Ankit Renee Topno 4010/19 Bhirud Rohit Sanjeev 4014/19
Himont aimed at Production & Licensing of Technology to third parties Hercules sold stake to Montedison
Financial Problems with Montedison Himont merged into Joint Venture with Shell Chemicals to form Montell Shell Chemicals bought Montell
Hercules
Montedison
Novel Technology process called Spheripol Flexibility to obtain different type of polymers
Licens or
License Fee Royalty Market Driven Developments via Grant Back
Licens ee
Revenu e
(Product Development )
Market
Owner of technology grants a limited set of rights to the licensee to incorporate the licensed technology in its product(s) and market it in a particular territory. In return, licensor receives license fees, royalties and R&D grant-back Driven by two effects:
Revenue effect: Rents earned by the licensor as licensee fee Rent Dissipation effect: Erosion of profits due to another firm (licensee) competing in the same market
Financial problems Without the downstream complementary assets in production, licensing out became only way in order to
Characteristics of polymer produced were such that Himont could understand which technology and catalyst was used, thus easily identifying any patent infringement Spheripol process had the best features compared to alternative technologies which ensured its monopoly in the market for technology and prevented licensees from breaching the contract. License agreement included reciprocal continuous knowhow, where licensee and licensor had to share any technological developments.
Thank You