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Tina, Lawyer
Category: Legal
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Experience:  JD, BBA Over 25 years legal and business experience.
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Is it possible to license technology that isn't patent

Customer Question

Hi! Is it possible to license technology that isn't patented?
Submitted: 2 years ago.
Category: Legal
Expert:  Dimitry K., Esq. replied 2 years ago.
Thank you for your question. Please permit me to assist you with your concerns. The answer is 'yes', provided that the party who is licensing the technology actually owns it. There is no obligation or duty to patent, although most companies do so as a means to protect their intellectual property. Not all such IP gets protected formally, however; trade secrets do not get patented, and IP such as food recipes also do not get protected (they are seen as trade secrets as well). Hope that helps! Sincerely, ***** *****