Enhance your productivity with Patent Licensing

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Video Guide on Patent Licensing management

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Commonly Asked Questions about Patent Licensing

The licence granted under this document may be exclusive or non-exclusive and entitles the licensee to work under the patent rights and use technical information (or know-how) relevant thereto. Payment under this licence takes the form of royalties which are payable at predefined intervals.
A patent owner can license or transfer interest in a patent. The licensor gives up the right to the intellectual property, usually for a certain period. During this time, the licensee can make or sell the invention or design. The licensee can also profit from the intellectual property during the license period.
What is a licence of right? The UK Patent Office has a database of patents that are endorsed licence of right. This means that the patent holder has agreed to licence their patent to anyone who asks.
the cost of applications is between 60 and 112.50. the cost of the search is 150- 180 (plus 20 for each claim over 25 claims) the cost of a substantive examination is 100-130 (plus 10 for each page of description over 35 pages)
Patent License Agreements An exclusive license restricts the use of an invention to a single licensee. A partially exclusive license allows multiple licensees, but restricts the use of the invention by any single licensee to a particular geographic area or to a particular use.
A licensing agreement allows one party (the licensee) to use and/or earn revenue from the property of the owner (the licensor). Licensing agreements generate revenues, called royalties, earned by a company for allowing its copyrighted or patented material to be used by another company.
However, the two primary types are exclusive licenses and non-exclusive licenses. Under an exclusive license, the licensee would be the only party to use the patent during the agreed-upon timeframe. This license is often granted for a specific geographic region and time period.
Once the term of protection has ended, the patented innovation enters the public domain. The five primary requirements for patentability are: (1) patentable subject matter; (2) utility; (3) novelty; (4) non-obviousness; and (5) enablement.