Patent License

Patent License

Patent license is a right granted to a person to protect and authorize a patent to that a person that no body can sell , use or exploit his patent. Such use of selling can only be done by the consent of patent holders only and so licensing comes to the key role .

It is also a tool that can transfer exclusive rights over the patent from one person to another before the expiration of such patent.

Licensing a patent can a beneficial option for inventors and companies that hold patents but do not have the necessary resources or expertise to bring their product to market. By licensing their patent to third party , they can generate revenue from their invention without risk and cost of manufacturing and marketing.

Benefits of patent:

• > Need not to find money to commercialize your product.
• > You can get innovation to market faster.
• > Break into new markets .
• > Able to generate revenue.
• > Ownership of your intellectual property .

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