Can you license a patent application?
Licensing a pending patent application involves various considerations for both inventors and potential licensees. While it offers opportunities to generate revenue and transfer technology, there are also risks and challenges involved. The licensor must assess the strength of the patent application, the potential value of additional know-how, and the market demand for the invention. Meanwhile, the licensee should evaluate the risks associated with the non-grant of the patent, uncertainties in future prosecution costs, and the compatibility of the technology with their business goals. By carefully weighing these factors, both parties can make informed decisions regarding licensing pending patent applications, maximizing their chances of success in the dynamic landscape of innovation and intellectual property.
