License
Definition
Permission granted by a patent owner to another party to make, use, sell, or import a patented invention, typically in exchange for payment. Licenses can be exclusive (only one licensee) or non-exclusive (multiple licensees allowed). They can cover specific geographies, time periods, or fields of use. Unlike an assignment, a licenselicensePermission from the patent owner to make, use, or sell the invention — usually in exchange for payment. Doesn't transfer ownership.Read more → does not transfer ownership of the patent.
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