Protecting your invention is just the beginning — monetizing it is the next step. If you're an innovator, startup, researcher, or business owner in Vellore, patent licensing helps you turn your patented product or process into a revenue-generating asset. At MyBusinessFilings, Vellore's trusted IP service provider, we specialize in strategic patent licensing that helps you earn royalties without manufacturing, marketing, or selling the invention yourself.

Patent Licensing

Creating and acquiring a patent is a time-consuming and expensive process. One must reap the benefits of their resources, body, and mind investment by commercializing their creations and leveraging them to create and open new doors of opportunity. The licensing of a patent is an important part of the patent life cycle. Mybusinessfilings, the No.1 Patent Licensing Services provider, can assist you with creative Patent Licensing Strategies for your Patent.

Patent Licensing Agreement

A patent grants the patentee exclusive rights to prevent others from manufacturing, marketing, selling, or using the invention if it is used without their permission. As a result, a patent may only be used by another person if the patent owner consents to such use, which is also known as patent licensing. A patent licensing agreement is essentially a legal document that allows the patentee to exchange intellectual property or patented technology (along with manufacturing, marketing, selling, or usage rights) with the other person for an equal value as agreed upon by the two parties. It can be a one-time lump sum payment or, more commonly, a royalty on revenue generated. The other person may have to agree with the condition of the patentee, if any, in order to get their hands on the patented invention. The license can be an exclusive or non-exclusive depending on the patentee.

Long ago, in the 1990s, Apple invented an input and output connector (an ancient type of USB), despite the fact that its performance was not cutting-edge, they demanded high royalty fees from third parties. This is a licensing strategy that aims to establish a standard. The inventor of the company or corporation holding the IP asset benefits from this strategy by removing barriers to widespread market acceptance. Patent licensing attempts to establish a standard and broadens the market for the invention on a global scale.

Example: Apple’s Licensing Strategy

In the 1990s, Apple developed a unique USB connector and licensed it out with high royalty fees. While the tech itself wasn’t revolutionary, Apple’s licensing helped set a market standard — increasing reach and profit.

Advantages of Patent Licensing

There are numerous benefits to licensing your invention at the appropriate time. The primary goal of licensing a patent is to increase royalties. When a patentee lacks sufficient capital to manufacture and sell a valuable invention, rather than risking solely running the market, you can minimize such risk and recover profits by transferring them to licensees.

Sometimes small things which are over sighted while licensing a patent!

Some of the inventions are extremely valuable and have the potential to generate large sums of money. If the patentee or company is aware of the value of their patent, they must be very selective in their licensee selection. Patent royalties are typically charged in advance or annually by the patentee or companies. Royalty rates must be considered based on a variety of factors, which may differ from industry to industry and product to product. As a result, you should be aware of the appropriate value of your patent and royalty request.

Things to Watch Out For

Even small oversights in licensing can cost you:
Undervaluing your patent
Vague royalty clauses
Licensing to the wrong party
Not negotiating fair industry-based royalty rates

Our legal experts in Vellore will ensure your patent is valued and licensed correctly — maximizing returns while keeping your IP safe.

Why Choose Us for Patent Licensing in Vellore?

We offer:

  Patent valuation and strategy

  Drafting airtight licensing agreements

  Negotiation and royalty structuring

  Legal support and follow-ups

  Tamil & English support for local businesses