Perpetual License Grant Award Did Not Exceed Arbitrator's Remedial Powers: Fifth Circuit | Practical Law
In Timegate Studios, Inc. v. Southpeak Interactive, L.L.C., the US Court of Appeals for the Fifth Circuit reversed a district court's decision to vacate an arbitrator's license-modifying award granting a licensee a perpetual intellectual property license, finding that this remedy furthered the essence of the parties' video game joint development agreement.