How do you enforce patent licensing agreements?
Patent licensing agreements are contracts that allow a patent holder to grant another party the right to use, make, sell, or import their patented invention, usually in exchange for a fee or royalty. As a research and development (R&D) professional, you may need to negotiate, draft, or enforce patent licensing agreements to protect your intellectual property and generate revenue from your innovations. However, enforcing patent licensing agreements can be challenging, especially if the licensee breaches the terms or infringes on your patent rights. In this article, we will discuss some of the steps you can take to enforce patent licensing agreements and prevent or resolve disputes.