A STUDY OF LICENSING AND ASSIGNMENT OF PATENT

Patent is a choice directly to possess, use, or move a technique or an item for a constrained period, conceded to a creator by the administration permitting to industrially misuse his protected innovation. At whatever point a patent holder can't industrially endeavor or work the protected innovation, he looks to permit or dole out his entitlement to some other gathering under a concurred set of conditions who can take ideal favorable position of the development and consequently gives eminence installments to him. Under Indian law, a patent holder has a few commercialization ways accessible viz, the directly to utilize, deal, exchange, permit, home loan, and promise the patent. Be that as it may, the choice to permit or allot a patent relies on different urgent variables. This announcement will investigate the different features of patent authorizing and patent task and the components that impact the choice of finding the best commercialization way for a patent holder – to permit or to allot. Keywords: Holder, license, rights, patent, assignment