FAQs about Inventions & Patents
Question: Are there any organizations in my area which can tell me how and where I may be able to obtain assistance in developing and marketing my invention?
Answer - Yes. In your own or neighboring communities you may inquire of such organizations as chambers of commerce and banks.
Question: What is there to prevent a company from licensing a NIST invention and then just sitting on it?
Answer - Potential licensees must submit a plan for actively developing and commercializing the technology. NIST uses it to establish certain technical and commercial milestones in the license agreement which the licensee must meet in order to retain the license.
Question: What is a license?
Answer - A license is a legal agreement, subject to Federal, state, and local regulatory authorities, by which a patent owner promises not to take action to exclude the licensed party from making, using, or selling a potential invention.
Contact us for legal assistance with any invention idea or issues related to inventions such as:
Famous Inventors,
The Process,
Modern Inventions,
and any other IP related technology legal help.
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