What is patent licensing?

Patent licensing is the agreement between the holder of a patent and the licensee to allow the licensee to use the rights that the patent provides. The holder of the patent is generally the inventor or the assignee of the patent. The licensee is the person or organization that wants to use the patent. In California, a patent licensing agreement allows the licensee to use the patented invention or process for a specific purpose in return for a royalty or other payment. The agreement also states the conditions and restrictions that the licensee must abide by when using the patent. This might include restrictions about who can use the patent, what products it can be used for, and how the patent can be used. The patent licensing agreement may also contain provisions which protect the holder of the patent from fraud or infringement. This means that the licensee is prohibited from making, using, selling, offering for sale, distributing, or importing the patented invention without the permission of the patent holder. If a patent has been obtained in the United States, then a patent licensing agreement must be in effect in order to keep the patent from becoming invalid due to infringement. In summary, patent licensing is the agreement between the patent holder and the licensee which allows the licensee to use the patented invention or process. The agreement outlines the conditions and restrictions the licensee must follow in order to use the patent. It also protects the patent holder from fraud or infringement of their patent.

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