The Basics of U.S. Patent Licenses

Patent licenses are sui generis. Most practitioners do not understand what a patent license is, and even when they do, they find it difficult and time-consuming to draft one.

Mark Jay, an intellectual property attorney in Short Hills, New Jersey, has spent many years negotiating intellectual property agreements with major research institutions in the United States. This course dissects a patent license into its component parts and provides a six-step process that simplifies the task of drafting it. The course also includes succinct discussions of often-encountered licensing issues.

Learning Objectives:

I.      Define a patent license 

II.     Analyze a patent license transaction 

III.    Grasp the six major components of a patent license 

IV.    Simplify the process of drafting a patent license 

V.     Recognize often-encountered licensing issues and learn how to deal with them