Patent License Form

Name: Patent License Form
Brand: US Legal Forms
Rating: 4.56 (256 reviews)

Category:

Copyrights Patents and Trademarks - Licensing

State:

Multi-State

Control #:

US-02401BG

Format:

Instant download

Description

A license agreement is a legal contract between two parties, known as the licensor and the licensee. In a typical licensing agreement, the licensor grants the licensee the right to produce and sell goods, apply a brand name or trademark, or use patented technology owned by the licensor. In exchange, the licensee usually submits to a series of conditions regarding the use of the licensor's property and agrees to make payments known as royalties. A patent for an invention is the grant of a property right to the inventor, issued by the federal agency charged with administering patent laws, the U.S. Patent and Trademark Office. The term of a new patent is 20 years from the date on which the application for the patent was filed in the United States or, in special cases, from the date an earlier related application was filed, subject to the payment of maintenance fees. US patent grants are effective only within the US, US territories, and US possessions.

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FAQ

Steps to File a Patent License Locate Manufacturers. Identify potential licensees. Sign a Confidentiality Agreement. Ask potential licensees to sign a confidentiality agreement to protect rights to your intellectual property. Negotiate Patent License.Complete a Patent License Agreement.

Under U.S. patent law, an invention is patentable only if it meets the following four requirements, which are discussed in more detail below: The invention must be statutory (subject matter eligible) The invention must be new. The invention must be useful. The invention must be non-obvious.

Requirements for Patentability. The five primary requirements for patentability are: (1) patentable subject matter, (2) utility, (3) novelty, (4) nonobviousness, and (5) enablement.

Name of the applicant(s). Name of the inventor(s). Title of invention. Address for correspondence of applicant / Authorised patent agent in India....CONTENTS OF FORM 2: Field of Invention. Background of Invention. Brief descriptions of the accompanying drawings. Brief description of the invention. Claims. Abstract.

Patent applications must satisfy the following three criteria: Novelty. This means that your invention must not have been made public not even by yourself before the date of the application. Inventive step. This means that your product or process must be an inventive solution.Industrial applicability.

Interesting Questions

More info

Who Is Likely to Receive a Patent License? 3. Convincing the Licensee to Pay a Royalty 4.What does it mean to "license a patent" and why is it done? Three common forms of technology transfer are licensing agreements, direct investments and joint ventures.

Patent License Form

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