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Structuring Patent Licensing Agreements
June 01, 2024
"Innovation is the central issue of economic prosperity." — Michael Porter, Harvard Business School professor.
In fact, the entire body of patent law is dedicated to encouraging innovation, both domestically and abroad. More specifically, patent law's goal is incentivizing innovation by monetization. Indeed, innovation is not only limited to the invention itself but also how to maximize the monetization of the invention. Enter licensing in the context of patents.
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