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|Title:||Technology Licensing: A Win-Win Solution in the Intellectual Economy|
|Keywords:||Technology licensing;patent licensing;open innovation;the intellectual economy|
|Abstract:||In a patent licensing transaction, the licensee receives the legal right to use the technology as described in the patent, generally in exchange for a financial consideration. Most of the know-how related to the patented technology, however, stays with the licensor. But in technology licensing, the transaction between licensor and licensee is of a much wider scope. In such a transaction, the licensor commits to transferring much more than the bare legal right to use the patented technology. In this paper, the author discusses about the difference in the patent licensing and technology licensing. The market for intellectual property has grown so fast that it is time to speak of a real intellectual economy. Now technology licensing is the fastest and the most cost-efficient way to market-introduction of a new product. Thus technology licensing is the need of the hour as it creates win-win forms of cooperation.|
|Appears in Collections:||JIPR Vol.10(5) [September 2005]|
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