FAQs about Inventions & Patents
Question: What is the process that the Office Of Technology Transfer (OTT) uses to decide when to file patents and license technology to companies?
Answer - A U.S. patent application must be filed prior to any public disclosure of an invention to preserve international patent rights and must be filed within one year of the official publication date or public use to preserve U.S. patent rights.
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: Are taxes withheld from the royalty payments?
Answer - Normally, no.
Contact us for legal assistance with any invention idea or issues related to inventions such as:
Getting a Patent,
World Inventors,
Policies,
and any other IP related technology legal help.
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