A patent on intellectual property is your right to authorize usage and distribution of a particular invention, technology or product. A license will help your individual power to save yourself from the theft of your intellectual property.
- A patent gives you the privilege to prevent others from replicating, assembling, offering or bringing in your development without your consent.
- You get assurance for a pre-decided period, enabling you to keep contenders under control.
- You would then be able to utilize your invention yourself.
- On the other hand, you can permit your patent for others to utilize it, or offer it, likewise with any benefit.