FAQs about Inventions & Patents
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: Can the USPTO assist me in the developing and marketing of my patent?
Answer - No. The Office cannot act or advise concerning the business transactions or arrangements that are involved in the development and marketing of an invention.
Question: When are royalty payment made to inventors?
Answer - Royalty payments to inventors are processed two times in the calendar year. The first payment is made from late May to mid-June. The second payment is made from early to late December.
Contact us for legal assistance with any invention idea or issues related to inventions such as:
Resources,
Flowcharts,
Ideas,
and any other IP related technology legal help.
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