Patent Licensing

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Licensing
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Patent licensing involves granting another entity the right to use a patented technology for commercial purposes. The licensee retains the original ownership rights, and the licensee can use the technology for a designated period of time. There are different categories of licensing, as explained:

Exclusive Licensing : This type of licensing involves transferring rights to a single licensee and they cannot be shared with others for the duration of the contract. In this type of licensing, all parties involved must agree to go ahead with the terms. It benefits the patent owner because they are assured of a fixed amount of money regardless of the product's performance in the m Croatia Phone Number Material arket. For the licensee, it is a confirmation that he has a monopoly on the product in the market. Sometimes, the licensee may impose certain restrictions on the licensee if he wants to use the residual rights for internal commercialization or distribute related rights to others. These may take the form of: Product restrictions, which may limit the manufacturer to a certain category of products Field restrictions, to keep the licensee confined to a specific area Geographic restrictions, which limit the territory in which the licensee can operate.




Non-Exclusive Licenses As the name suggests, this type of licensing does not grant any exclusive rights. The patent owner is allowed to grant rights to any number of licensees to commercialize the product. This leaves the market open to competition. Non-exclusive licensing provides the owner with a lucrative source of income from multiple sources. For the licensee, it is beneficial because of the reduced licensing fee compared to the large amounts payable for an exclusive license.