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Patents, trademarks, and copyrights are all forms of intellectual property that can be licensed. For example, patent licenses can be used for mechanical devices and systems, healthcare products and services, electronic hardware, computer software, chemical compositions, and business methods.
Prepare a patent application, including: A short abstract of the invention. References to any prior applications. A brief discussion of the general field, background, and circumstances of the invention. A summary of the invention. A description of the best implementation of the invention, including a drawing, if applicable.
A patent license is an agreement that lets someone else commercially make, use, and sell your invention for a specified period. The owner of the invention (patent) is the 'licensor,' and the person who is receiving the license is the 'licensee.
Examples of license agreements, include: Example: Walt Disney granting McDonalds a license for McDonalds to co-brand McDonalds Happy Meals with a Disney trademarked character. The license of a technology where the licensee is granted the right to use the licensor's software, or other intellectual property asset.
It should be brief, but must clearly indicate the matter to which the invention relates. The same title should appear both on the specification and the request for grant form. The description immediately follows the title. It is a detailed explanation of the invention.
The patent description should include everything that makes your invention new. It must also include the information necessary for an average person to make your invention. Together with the claims component, a patent description is known as the specification.
An example of a licensing agreement in the restaurant space would be when a McDonald's franchisee has a licensing agreement with the McDonald's Corporation that lets them use the company's branding and marketing materials.
Some common examples of assignments and licensing of intellectual property include an author who licenses her copyrighted novel to a publisher for a time or a software developer that purchases the right to incorporate code created and owned by another into one of its products.
Requirements for filing a provisional application: A detailed written description of the invention including drawings. ... Title of the invention. Name(s) of all inventors. Inventor(s) residence(s) Name and registration number of attorney or agent and docket number (if applicable) Correspondence address.
Format of a Patent Application The Specification. ... The Title. ... The Description. ... The Claims. ... The Drawings. ... The Abstract. ... Sample Specifications. ... Minimum Requirements for a Filing Date.