Advantages of Patent Licensing
Posted: Tue Dec 24, 2024 9:15 am
Sole Licensing In sole licensing, the licensor retains the right to pursue the technology itself. It operates in the same way as an exclusive license, except that the patent owner retains the rights to exploit the Intellectual Property, but cannot grant any further sub-licenses. The terms 'sole' and 'exclusive' must always be explicitly stated in the agreement, along with the intended meaning, to avoid later disagreements.
Mutually Exclusive Licensing Considered a middle ground between exclusive and non-exclusive licensing, mutually exclusive licensing means that the licensee is allowed to grant the license to a limited group of licensees. There are several ways to define this group: by name, description (granted only to those who meet a set of eligibility criteria), or number (a predetermined number of licenses will be available).
Carrot Licensing When a business is not using a patented technology and is under no obligation to take out a license, the carrot approach is used to entice such a business to voluntarily seek the license. It involves marketing the b Croatia Phone Number Material enefits of using the technology to increase business efficiency. The idea is to make the patented technology valuable to the business and communicate the potential benefits to their processes.
Stick Licensing The stick licensing approach is suitable when the licensee has already infringed the patented technology. It allows the infringer to take out a license to avoid a costly litigation battle in court.
Cross-licensing Cross-licensing is similar to a license swap in which each party voluntarily allows the other party to use their technology without risk of infringement. This license exchange allows both parties to borrow essential elements of each other's technology and bring the product to market. There is no licensing fee involved in this type of licensing.
Patent licensing has various advantages, such as:
Mutually Exclusive Licensing Considered a middle ground between exclusive and non-exclusive licensing, mutually exclusive licensing means that the licensee is allowed to grant the license to a limited group of licensees. There are several ways to define this group: by name, description (granted only to those who meet a set of eligibility criteria), or number (a predetermined number of licenses will be available).
Carrot Licensing When a business is not using a patented technology and is under no obligation to take out a license, the carrot approach is used to entice such a business to voluntarily seek the license. It involves marketing the b Croatia Phone Number Material enefits of using the technology to increase business efficiency. The idea is to make the patented technology valuable to the business and communicate the potential benefits to their processes.
Stick Licensing The stick licensing approach is suitable when the licensee has already infringed the patented technology. It allows the infringer to take out a license to avoid a costly litigation battle in court.
Cross-licensing Cross-licensing is similar to a license swap in which each party voluntarily allows the other party to use their technology without risk of infringement. This license exchange allows both parties to borrow essential elements of each other's technology and bring the product to market. There is no licensing fee involved in this type of licensing.
Patent licensing has various advantages, such as: