Monday, January 26, 2015

Is a license of a patent, for a particular field of use, considered a sale of intellectual property?

Question

Is a license of a patent, for a particular field of use, considered a sale of intellectual property?



Answer

No, a license is a grant of a right to use, with ownership residing in the original owner of the patent. A sale of a patent divests the owner of all rights of ownership, which is transferred to the buyer.



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