Licensing agreements are crucial in the field of nanotechnology for several reasons:
They enable the commercialization of cutting-edge nanotechnologies by allowing companies to bring new products to market without infringing on existing patents. They provide a revenue stream for inventors and patent holders, encouraging further research and development (R&D) in the field. They help in managing and mitigating legal risks associated with patent infringement. They facilitate collaboration between academia and industry, promoting the transfer of technology from the lab to practical applications.
