August 21st, 2020What Does a Grant Clause Have to Do With Licensing?

Licensing is a contract to gain rights at a patent from a license owner to a licensee. A lot of independent inventors seek a license with a large corporation – they have an idea that they’d like the company to adopt and start selling it. In order to do that, they need a license agreement. A grant clause grants the license of the intellectual property from the licensor (the inventor) to the licensee (the company). In this video, Richard Gearhart, Esq. Founder and Managing Partner of Gearhart Law LLC, explains further. Visit Gearhart Law at: https://www.gearhartlaw.com/