• 8. Patent vs. License

  • Feb 23 2024
  • Duración: 15 m
  • Podcast

  • Resumen

  • What is the difference between a patent and a license?
    In this episode, Jamie and Samar discuss the differences between a patent and a license. Topics include:

    • Key differences
    • Do you need an issued patent to get a licensing deal?
    • Are there benefits of securing a licensing deal during the patent pending phase?
    • Overcoming fears and uncertainties around licensing an invention
    • What is a license (a contract that allows someone to use your patented invention in exchange for payment)
    • Licenses can be exclusive or non-exclusive
    • Most common patent licensing deal structures (lump sum payment, royalty rate per unit sold, percentage of profits)
    • Finding potential licensing partners
    • Tips for writing a patent application with licensing in mind (understand potential partners’ portfolios, draft claims accordingly)

    Timestamps:
    0:00 - Introduction
    2:30 - Do you need an issued patent to get a licensing deal?
    5:15 - Overcoming inventor fears about licensing
    7:00 - Defining what a license agreement is
    10:30 - Exclusive vs. non-exclusive licensing
    12:45 - Typical licensing payment structures
    15:00 - Finding potential licensing partners (teaser for future episode)
    17:30 - Writing patents with licensing in mind

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