Patent Monetization And Licensing
Patent monetization is the term which refers to the process of generating revenue from the patents by licensing it to another party or by selling, acquiring it for our holding company, and commercializing it for the Indian market. This process is beneficial for those who are idle and making zero money from such a patent; monetizing the patent makes much sense and value to the patent holder. From patent monetization an inventor or investor can easily create new income streams, recover R&D investments, and increase market competitiveness. Patent licensing is one of the most common form of the monetization, licensing is the process where the patent owner gives the permission to another entity to use the invention in the exchange of royalties or fee. This exchange is beneficial for both parties: the companies get the innovation without any hard work and time and with less expense, and on the other hand, the patent holder gets the ongoing income. There are mainly two types of licensing: one is exclusive, where the patent can be used by only one licensee, and the second is non-exclusive, where we have more than one licensee to use the patent. Licensing can be voluntary or enforced through litigation if infringement occurs. Some businesses also engage in patent pooling or cross-licensing to build strategic partnerships. With the help of the professional patent monetisation services, which can assist with valuation, strategy, and negotiation—helping IP owners identify the most profitable path forward. For all the inventors and investors, treating patents as business assets rather than legal trophies can significantly enhance an organisation's financial and strategic position.