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The document is a License Agreement between a Licensor and a Licensee regarding the rights to a specific patent application or patents that may be issued. It outlines the terms of the license, including the grant of rights, royalty payments, record-keeping requirements, sublicensing provisions, prosecution of applications, infringement procedures, termination conditions, and other legal stipulations. The agreement emphasizes mutual obligations and compliance with laws while providing mechanisms for dispute resolution through arbitration.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Can a patent may be renewed?

However, patents are not eligible for renewal in the conventional sense beyond their standard term. Instead, renewal occurs in the form of maintenance, but many people refer to it as renewal. Instead of focusing on extending patents, many inventors seek new patents for improvements to their original inventions.

What can and cant be patented?

For example, the laws of nature, physical phenomena, and abstract ideas cannot be patented, nor can only an idea or suggestion. Other restrictions include the patenting of inventions exclusively related to nuclear material or atomic energy in an atomic weapon (see MPEP 2104.01).

What patentable invention may be or may relate to?

A patentable invention may be or may relate to: (a) A product, such as a machine, a device, an article of manufacture, a composition of matter, a microorganism; (b) A process, such as a method of use, a method of manufacturing, a non-biological process, a microbiological process; (c) Computer-related inventions; and

What do you mean by patent?

What is a patent? A patent is an exclusive right granted for an invention. Patents benefit inventors by providing them with legal protection of their inventions. However, patents also benefit the society by providing public access to technical information about these inventions, and thus accelerating innovation.

Can vs may in patents?

Can could be interpreted as is capable of, rather than is (in some situations). May is more grammatically correct for what you want. But individual words matter a lot, as do things like placement of commas in a sentence. Talk to a patent attorney.