Abstract
This chapter provides a window into the world of intellectual property (IP) licensing and uses patents and US law as a case study. It begins with an overview of what patent licensing is and why it is such an important technique, both for companies seeking to monetize patents as well as those seeking to gain access to patented technologies. It next reviews some of the essential terms most commonly found in patent license agreements, and then closes by taking a look both backwards and forwards, and addresses how patent licensing has evolved, and also reviews newer cutting-edge monetization techniques that have their foundation in traditional bilateral patent licensing.
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