A patent grants its owner the ability to exclude others from practicing the invention and does not, in and of itself, grant the right to practice the invention. A patent license allows the owner of a patent to transfer all indicia of ownership so that a licensee may practice the invention, while the licensor retains title in the patent to recover royalties.

Alternatively, a patent license could grant the non-exclusive right to practice, essentially agreeing that the licensor will not sue the licensee for infringement.

Contact us today or call us at our toll-free number (888) 237-4529 so we can help you determine what path is right for your business and get you on the road to realizing profits from your patent rights.