Patent Licensing Agreement Example. Patent licensing then can be a source of income and can be very lucrative business. When a patent is licensed, an agreement is made between the patent owner and the person or Approaches to Patent Licensing.
Exhibit b: fields of use and financial considerations. Licensing a patent simply means that the patent owner grants permission to another individual/organization to make, use, sell etc. his/her patented invention. Patent licensing then can be a source of income and can be very lucrative business.
When it comes to the creation of products particularly technological inventions, certain rights are issued and are applied, especially if the invented product is deemed useful by a governing state.
License agreement templates are great tools, especially for small enterprises to help get their products or services to consumers.
In this article, contained are examples of patent license agreement templates and examples. For example, if you do not have the capital to manufacture or market your invention, you'll need to find suitable investors with the necessary capital to turn your patent into a marketable product. The claims, as discussed in the above article and in our example here provide the scope of RIGHTS that will be granted in a patent license.