What Role Do Licensing Agreements Play in Nanotechnology IP Management?
Licensing agreements are crucial in nanotechnology IP management as they allow for the commercialization of inventions without direct exploitation by the patent holder. These agreements can be:
- Exclusive Licenses: Granting exclusive rights to a single licensee, often in exchange for significant royalties or upfront payments. - Non-Exclusive Licenses: Allowing multiple entities to use the patented technology, usually for lower fees. - Cross-Licensing: Mutual agreements between companies to share their patented technologies, fostering collaboration and reducing litigation risks.
