Rules of Conduct

In order to promote and establish the professional standing of members of the society and in order to enhance the trust of the public in members of society, the following Rules of Conduct are adopted. The spirit of these rules should be a proper guide for the conduct of its members to establish confidence of the public in the profession of licensing.

  1. Compliance with laws and regulations
    It is the duty of each member of this society to comply with all laws and regulations and all rules of conduct imposed by membership in this Society and in other professional organisations governing the conduct of persons engaged in the licensing or other transfer of technology or intellectual or industrial proberty rights (Herein called Licensing).

  2. Obligation under other rules of ethics
    The duties imposed by these Rules of Conduct shall be in addition to the rules of conduct imposed by membership or other status in other professions or professional organisations.

  3. Misrepresentation
    It is the duty of every member of this society to make a fair representation as to the nature, quality and extent of the subjekt matter being negotiated for Licensing. Representation as to performance, reliability, or value should be supported by fact and any statement which is not supported by fact should be identified as opinion. 

  4. Conflicts of interest
    It is unprofessional to represent both parties involved in the subject matter being negotiated for licensing or to represent conflicting interests in the same transaction without the knowledge and express consent of both parties involved. Prior to accepting employment with a client, it is the duty of a member to disclose any interests which might be adverse to a client. 

  5. Interest in the subject matter being negotiated
    If the member of this society has an ownership interest in the subject matter being negotiated for licensing, it is his duty to diclose this fact.

  6. Confidence
    It is the duty of a member of this Society to respect and hold inviolate the confidences of a client. In the absence of other agreement with the client, termination of the employment with the client will not terminate this obligation, but the duty is relieved by the fact that the information given in confidence is generally known. In the event that confidences of a previous client prevent him from fully discharging his duties to the subsequent client, the member shall immediately notify the subsequent client of his disability.

  7. Advertising and solicitation
    A member of this society should in his contacts with the public and his clients not behave in a manner which brings discredit on this society or himself. Accordingly, it is unprofessional for a member to use any business card, letterhead, letter, directory, listing, advertising material or any other form of comunication which is undignified or which is false or exaggerated expectations as to the skill, experience or ability of such member of the value or cost of the services or facilities offered or as to the results to be accomplished through such services or facilities.

  8. Membership lists
    The membership and attendance lists are the proberty of the Society and are entrusted to Society members for their personal use only. Unauthorized use of the lists for general mailings or similar purpose is unethical.

  9. Enforcement
    Any charge of violation of these Rules of Conduct or any other disciplinary charge within the scope of business of the Society shall be made to the Ethics Committee for investigation, report and recommendation for action. The Society shall use whatever informal means seem appropriate to pursuade an offending member to improve his pofessional conduct and practise, or in serious cases to resign from the Society. In the event informal methods fail, the Society shall establish a formal procedure for expelling or otherwise disciplining the offending member, which formal procedure shall include the step of notifying the offending in writing of the nature of the charges and the step of permitting the offending member to submit a written answer to the charges.