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  1. Oct 26, 2024 · The owner of a patent can license out the patent so that the license can only be used in California, or only in a certain place in California. Say for example an inventor receives a patent for a process to quickly test water quality at a central pumping station.

  2. Jun 23, 2024 · Licensing a Patent allows the inventor to retain ownership while granting others the right to use, make, or sell the invention. Licensing can be exclusive (one licensee) or non-exclusive (multiple licensees). The inventor typically receives royalties based on sales or a fixed fee.

  3. Sep 5, 2022 · Patent licensing is part of how to patent an idea and is a revocable agreement between a patent owner and a licensee to transfer interest in a patent to a licensee, who can benefit from and enforce the intellectual property rights.

  4. The term public domain denotes materials that are not protected by intellectual property laws such as copyright, trademark, or patent laws. The public owns these works, not an individual author or artist; consequently, anyone can use a public domain work without obtaining permission, but no one can ever own it.

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  5. Mar 12, 2023 · In this comprehensive guide, we will walk you through the steps of filing a patent in California, including what types of patents are available, how to conduct a patent search, and how to work with a patent attorney.

  6. We can sell it. We can use it for our own purpose. Similarly, we can commercialize Patent (Intellectual property) in the following ways: We can license our Patent to other business and receive royalty payments. We can sell our patent to other business for a lump sum amount.

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  8. When licensing trademarks, copyrights, patents and other intellectual property, consult an experienced intellectual property lawyer. An attorney knowledgeable about licensing, distributing, buying and selling intellectual property can help you protect and better manage your business assets and avoid potential lawsuits.

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