The government retains the rights to use the technology for government purposes. Royalty fees, legal rights, and other terms and conditions on use of the technology are negotiated by the company and the government laboratory. Each patent license is individually negotiated between representatives from the laboratory and the prospective licensee. The licensee gains the technical knowledge and financial benefits of the government intellectual property. Licensees must provide a plan for commercializing the technology that includes technical goals for developing the product, an investment plan, and a time frame for bringing the product to the marketplace.
Patent licenses can be exclusive, partially exclusive, or non-exclusive.
Title 37 CFR 404 provides regulations and guidelines for licensing government-owned inventions. Licenses may be exclusive, partially exclusive, or nonexclusive. As our licensing partner, you will need to have a plan for commercializing the invention. The level of investment planned. A time frame for introducing the product to the marketplace.