Patents

Patents

Patents - Group Policy

Grundfos’ patents policy must contribute to the technical development of the Group and through the protection of inventions ensure optimum utilization of the Group’s technology and knowhow.

Grundfos will primarily aim at protecting product inventions, procedures and manufacturing methods.

The decision to protect an invention must be made on the basis of an evaluation of novelty, inventiveness and the risk of publication. This evaluation must be made by the segment technical manager or another relevant, high-ranking technical manager together with the patents coordinator.

Patents must primarily be taken out in the name of Grundfos, otherwise in the name of other Group companies, after previous approval by the Group Development Management.

Competitors’ patents and patent applications must be monitored closely. The responsibility lies with the individual segment/ functional director.

Objections must be made whenever it is possible to prevent the issue of competitor patents that will limit Grundfos’ technical and commercial freedom of action.

In connection with the annual payment of patent fees, existing patents and patent applications must be evaluated with a view to deciding whether or not to maintain them in force.

Evaluations and decisions concerning patenting, maintenance of patents as well as objections to competitors’ patents and patent applications must be made by the segment technical manager or another relevant, high-ranking technical manager in concert with the patents coordinator.

Before an application for a patent is submitted, an examination for novelty must be made. Deviation from this requirement will only be allowed in matters of urgency.

Agreements on patents and other intangible rights, including agreements on licences, are subject to prior approval by the Group Management, the patents co-ordinator and the legal department.





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