Patent Licensing

In addition to being a Registered Patent Agent, I am also a Licensing Agent.  Clients reap the benefits of my active membership in the international Licensing Executives Society (LES), where I have ready access to the latest licensing and marketing techniques. These techniques include:

• Determining the value of a technology and its royalty potential
• Finding potential licensees
• Developing and negotiating a patent license agreement
• Negotiating technology transfer from the Federal Government

Of particular importance is the patent license agreement. A patent license is the granting of permission or rights to make, use, or sell the patented product, design, or process, the granting being done by a party who has the right to grant such permission. A patent license agreement usually includes a variety of grants in which a licensor sells or leases to a licensee the use of certain industrial property rights or technical expertise.

Advantages to the Licensor include:

• Increasing income with little or no capital investment
• Establishing new uses of technology
• Manufacturing and selling with minimum capital and staff
• Avoiding certain legal problems
• Expanding marketing position and equity potential
• Obtaining R&D improvements from licensees
  

Advantages for the Licensee include:

• Increasing technology rights (including new products and R&D)
• Increasing assistance (technical and commercial)
• Increasing marketing, sales, and profits
• Avoiding conflict or infringement suit if existing product is found to infringe someone else's patent