Kafantaris Law Group | Theo Kafantaris
A patent creates a monopoly to make, use, and sell an invention. It can be treated just like real property, and can be sold, leased (licensed), etc. Without a patent, you are merely selling your invention to another, and you are free to negotiate any agreement you like. You will not, however, have the exclusive rights to the invention, and anybody can make the same invention and sell it the same as you do.
Answer Applies to: California