Patent Ownership, Licensing, Renewal, and Restoration Issues under the UK Patent Law

The principal benefit of patent registration is that it enables the patent holder the exclusive right to stop others from using the invention. Yet, a patent owner can let others use the invention under agreed terms that involve a non-exclusive license, an exclusive license, or an assignment or merely an agreement to pay royalties for the use of the invention. Furthermore, once patents are issued, these rights can be renewed, abandoned, or voluntarily surrendered at any time.

The following questions have been addressed in this article:

Can a patent be assigned and licensed under U.K.’s patent laws?
What about licensing issues and what are the practical considerations involved?
How is the patent renewal process and what happens if a patent is not renewed?

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