“Granting express patent licenses” refers to the act of officially and explicitly giving permission or authorisation for others to use, make, sell, or distribute a patented technology or invention. This authorisation is typically provided by the patent holder, who is the individual or entity that owns the rights to the patented technology.
Express patent licenses are legally binding agreements that outline the terms and conditions under which the licensee (the party receiving the license) is allowed to use the patented technology. These terms may include restrictions, royalties, or other considerations. The license is often documented in a formal agreement to ensure clarity and enforceability.
By granting an express patent license, the patent holder allows others to use the patented technology without fear of infringement, which can promote innovation, collaboration, and the development of new products and services. It can also be a way for the patent holder to generate revenue through licensing fees or royalties.
