Discuss licensing vs assigning

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Dicsussion 1: Patent infringement can cost companies millions of dollars in lawsuits and fees. Understanding if an invention infringes upon your patent is important for deciding if taking legal action against the infringing party is necessary. If a competitive company was interested in making an invention to do or solve the same problem as your invention, would it be possible without infringing on your patent?

Dicsussion 1: A big cooperation has contacted you about the invention you have patented. They are interested in obtaining the intellectual property rights for your invention. In a few paragraphs (300-400 words), describe if you would be interested in licensing or assigning your patent to the company. What are the advantages and disadvantages of each? Would you be about to sell your IP to other companies? Please review the online video on licensing vs. assigning.

Reference no: EM132457554

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