If you're a creator of new ideas and processes, knowing the answer to the above-posed headline question could be very important to your future prospects and career.
Consider the following. If you're one of those people who just has a knack for taking abstract ideas and principles with business implications and making them real, you might prefer to just keep proceeding dynamically along that route.
That is, maybe your acumen lies decidedly in creating things, not in ultimately applying them in a business environment that can profit from their applications.
After all, a person can't just wave a magic wand after receiving a patent and have the ideas embedded in that patent be easily applied toward making products.
That takes manufacturing prowess, that is, a facility, trained workers, a marketing department, a resources procurement division and so forth.
Given that reality, many creators holding patents opt to profit from them by executing patent technology agreements with existing businesses that can apply their technology in a profitable way.
The business licensee makes money. Importantly, so too does the inventor, who can additionally safeguard patent rights by licensing them exclusively with a single business partner (or even with multiple licensees simultaneously).
A proven patent attorney can help a business inventor protect intellectual property and retain great flexibility over it through the execution of one or more technology licensing agreements. Such agreements can be written in ways that define and limit the scope of a conferred license in ways preferred by the licensor.
And, of course, the licensor continues to own the patent rights that are the subject matter of an agreement.
Licensing a patent spells an optimal outcome for many creators of intellectual property, since it gives them the time and freedom to continue with other pursuits while profiting from their inventions at the same time.
An established patent attorney can help them realize those important goals.