Licensing patents and technology by the developer of the technology

A patent and technology license is a complicated document requiring careful consideration by everyone involved, and it especially requires a substantial input from the owner of the technology, usually the inventor or the buyer, or his representative. Expert intellectual property attorneys should always be employed to draft proper license agreements. Their cost is usually but a small fraction of the value of the license, and their expertise may save many multiples of their cost. Here, the authors take a very brief look at some considerations for licensing of technology from the perspective of the technologist