Tacoma Intellectual Property Lawyer

Licensing and Contracts

Patent licenses allow individuals or businesses to use another entity's patent without risking infringement. Licensing provides a number of key benefits. In utilizing another's license, one can avoid the expense and time investment involved in creating and patenting one's own technology. Licensing can also assist one in staying competitive in the marketplace and ensuring the success of one's business. If you are interested in licensing a patent, or making your patent available for licensing, contact a Tacoma intellectual property lawyer who can help you devise a contract and guide you through the transaction process.

At Citadel Patent Law, we work with scientists and engineers in an effort to help them safeguard the value and ownership of their innovations. One of the many services we provide is aiding these individuals in licensing their assets, as well as obtaining licenses for inventions that will help further their business interests. We are available to consult with you if you are interested in licensing. Our experienced attorneys can draft a licensing agreement that is favorable to you and your financial interests, and will allow you to reap the benefits of your intellectual property or the property of the other party.

Questions to Ask Before Licensing

If you are seeking out a patent to license, there are some questions that you should ask before you contact the potential licensor (the entity you will be licensing the patent from). These include:

• Is the licensor a company that is actually utilizing the intellectual property, or is it an individual who is unfamiliar with licensing and the potential of their product?
• Does the licensor already have other existing patents on the technology or art in question?
• Has the patent been filed in the U.S. only, or has it been filed in a number of other countries?

An attorney will assist you in answering all of these questions so that you can make a well-informed decision about your licensing transaction.

Contact Tacoma intellectual property attorney George Leone who can assist you in constructing and executing a deal for the licensing of intellectual property.