patent license
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 272 U.S. 476 - United States v. General Electric Co. · 1926Most cited · 778 citing opinions
The owner of a patent may assign it to another and convey (1) the exclusive right to make, use, and vend the invention throughout the United States; or (2) an undivided part or share of that exclusive right; or (3) the exclusive right under the patent within and through a specific part of the United States. But any assignment or transfer short of one of these is a license giving the licensee no title in the patent and no right to sue at law in his own name for an infringement.