1. MIT Orbit Knowledgebase
  2. Legal
  3. Intellectual Property Protection

A license sounds like a big commitment. I’m not ready for that yet. Can I wait a while to take a license?

Elaine Chen

A party interested in licensing a patent may ask the patent owner to hold the patent open for potential license until an agreed upon date. Of course, the interested party typically pays the patent owner for this right. Universities commonly do this by granting an “option” to a party to exclusively license the patent by some agreed upon date.

Steven Saunders is an Intellectual Property Attorney at the Boston-based law firm, Nutter. Steven can be reached at ssaunders@nutter.com.

For more information about Steven, See Steven’s Martin Trust Center Biography at: https://entrepreneurship.mit.edu/profile/steven-saunders/

 

Articles in this section

See more
Was this article helpful?
0 out of 0 found this helpful

Comments

0 comments

Please sign in to leave a comment.

This website and all posts and content are intended for educational purposes only and for no other purposes including without limitation commercial purposes. Any other use must give proper attribution to the Martin Trust Center and is subject to certain legal rights contained in our license and terms of use. See full legal disclaimer HERE .
The content in this knowledgebase is subject to a non-exclusive license with share-alike restrictions and the terms of use of this site – which is available for your review HERE .

Have more questions?
Submit a request
Share it, if you like it.