Post by
Wojo1963 on Jan 13, 2023 2:43pm
Revenues are the most important part of a company's value.
A company can not survive without it's revenue supply.
Intellectual peoperty can be the best source of revenue.
You can own intellectual propertr rights and sell the use of the rights to a company.
Then you can sell it to another company and another and another, till the patents expire.
The best part is you still have that intellectual property to use for your self.
If the companies are still working out the final agrteement on patent usage,
a preliminary agreement will be arranged in a MOU so that the overall intent is spelled out.
Remember that the patent life remains till 20 years from the last date of issue for the patent.
That is why everyone will need to jump on to this patented process.
Then everyone will be on a level field, because they will all have the product available.
We had a genius who started this company and I think he is still with us, guiding it.