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Intellectual property (2023): Patent (Part One)

Law School

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Patent Licensing Agreements

In most countries, both natural persons and corporate entities may apply for a patent. In the United States, however, only the inventors can apply to get one. Ownership of an invention may pass from the inventor to their employer by rule of law. The ability to assign ownership rights increases the liquidity of a patent as property. It is common for companies engaged in complex technical fields to enter into multiple license agreements with each other.

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