Patent License Agreement (PLA) at
Links and Resources
Authority
- 35 U.S.C. 37 C.F.R. and AFI 51-303
Description
- A patent license is an agreement by the patent owner permitting a licensee (i.e. a third party) to practice (i.e. make, use or sell) the patented invention in return for some valuable consideration (i.e. royalty).
A license can be exclusive, nonexclusive, or for a specific field of use or geographical area.
Features/Characteristics
- U.S. or foreign usage – although preference for U.S. industry and small businesses.
Licenses must present plans to commercialize the invention.
A license may be granted on a pending patent application filed in the U.S. or foreign patent office or on issued patent.
I.P. and Resource Commitment
- Government retains a nonexclusive, royalty-free worldwide Government Purpose License to the invention.
Royalties and fees are subject to negotiation.
Other Agencies/Laboratories That Use This Mechanism
