Licence of right definition

Licence of right definition
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Patent Glossary: Licence of right

A patent owner can be allowed to renew the patent at half the cost if the owner indicates that the licences under his patent are available to anyone who asks for one.

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Definition: Licence of right - How do I file a patent application?

WHere do I file my patent application?
Inventors need to learn how to patent their ideas - as it protects their invention and can provide opportunities for investment / licensing opportunities.
A patent is an exclusive right granted by the government (both U.S. and international) for an invention.
It provides protection for the invention to the owner of the patent for a limited period which varies from country to country.

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Patent Glossary / Inventing Business Dictionary - Define: Licence of right - 2004 HJ Ventures International, Inc.