It is crucial that patent licensing agreements be properly structured to ensure that the intention of the parties is clearly described and that the structure of the agreement comports with the rigid and ever-evolving laws governing these contracts.
May 06, 2024 at 09:54 AM
6 minute read
“Innovation is the central issue of economic prosperity.” —Michael Porter, Harvard Business School professor.
In fact, the entire body of patent law is dedicated to encouraging innovation, both domestically and abroad. More specifically, patent law’s goal is incentivizing innovation by monetization. Indeed, innovation is not only limited to the invention itself but also how to maximize the monetization of the invention. Enter licensing in the context of patents.
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