Licensing & Agreements

Beem Patent Law Firm can also help you with intellectual property licensing and agreements. Licensing and agreements can be useful when a patent owner is sharing knowledge or use of their invention with a third party. Commonly used licenses and agreements may include:

Non-Disclosure Agreement

A non-disclosure agreement is a contract that outlines what two parties are willing to share with each other, but cannot be shared with third parties. Non-disclosure agreements are helpful to have when you are talking to someone about your invention. The only instance where a non-disclosure agreement is unnecessary is while talking to an attorney. The law already places strict confidentiality requirements on attorneys—regardless of whether they go on to represent you. A non-disclosure agreement can be useful when two entities are considering business relations and need to understand the technology or processes used in the other entity’s business.

After obtaining a patent, a patent owner may decide to license the invention covered within the scope of the patent. A license contractually allows someone to use, make, or sell the invention owned by another. Once you secure your exclusive property rights through a patent, you may then license your invention for commercial use. Licensing can allow a patent holder, or licensor, to make money on their invention by charging a fee to the person or entity (the licensee) making, using or selling the invention. It is important to note that as the patent owner, you still have ultimate ownership rights of the invention. The license gives the licensee only limited use rights. Also, most license agreements are non-exclusive, meaning you can sell the same rights to more than one licensee.

Material Transfer

A material transfer agreement is a contract that allows for the transfer of tangible research materials between two parties. These contracts only transfer possession of the materials and not the title. The entity transferring the materials retains full ownership over them.