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Creating an invention and getting a patent on it is an expensive process and requires a lot of investment before it starts giving you a return on investment. So, if you are someone who is looking to use a patented technology but don’t want the tedious process of getting involved in between then Licensing a patent is the best option for you.
Patent licensing is the practice of assigning ownership of a patent to a third party so that they can manufacture and sell your innovation either exclusively or non-exclusively in exchange for a certain amount of royalties.
Also, technology companies that already have patents always have a scope of technology that they need to license or acquire some patents from a third party. This comes as a handy strategy for companies to stay competitive in the market.
Wissen Research helps you with a list of manufacturers who may be interested in your product and use databases to search for the companies that make a product like yours. Wissen’s patent licensing support have been structured and customized to help patent owners and IP counsel identify the strongest aspects of your patents.
Through an in-depth evaluation of our client’s portfolios, we assist them in choosing the suitable patent licensing in/out approach.
We endeavour to create the licensing process easier for interested parties and give a stronger negotiating stance for extracting the maximum value from patents by doing a thorough background analysis.