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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.

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The Eldredge Law Firm is a Nationwide Intellectual Property Practice

We have convenient offices in Fort Worth, Plano, Mansfield, Allen and Arlington, Texas. We also have offices in Salt Lake City and Sandy.

Fort Worth Office
777 Main Street
Suite 600
Fort Worth, TX 76102

Toll Free: 800-653-6423
Phone: 682-990-2073
Phone: 817-406-5919
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Dallas, Texas 75225

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Suite 100
Sugar Land, TX 77478

Phone: 713-234-1364
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Suite 1100
Denver, CO 80237

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11811 North Fwy
Suite 500
Houston, TX 77060

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90 State Street
Suite 700
Albany, New York 12207

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411 Lafayette Street
6th Floor
New York, New York 10003

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2021 Guadalupe Street
Suite 260
Austin, TX 78705

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9980 300 West
Suite 200
Sandy, Utah 84070

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Dallas Office
3131 McKinney Ave.
Suite 600
Dallas, TX 75204

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Mansfield Office
990 Highway 287 North
Suite 106-199
Mansfield, TX 76063

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Phone: 817-406-5919
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Allen Office
1333 McDermott Drive
Suite 150
Allen, TX 75013

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Phone: 682-990-2073
Phone: 214-306-9771
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Denver Office
600 17th Street
Suite 2800
Denver, Co 80202

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Plano Office
5068 W. Plano Parkway
Suite 300
Plano, TX 75093

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Phone: 682-990-2073
Phone: 214-306-9771
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Arlington Office
2000 East Lamar Boulevard
Ste. 600
Arlington, TX 76006

Phone: 817-406-5919
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