Patent and IP Royalties

Overview

A patent grant ensures the inventor the right to exclude others from manufacturing, using, selling, advertising for sale or importing her invention; these rights may be licensed, exclusively or non-exclusively, for a royalty. U.S. patents apply to the U.S. and U.S. territories and are valid for 20 years beginning at the date on which the patent application was filed.

The U.S. Patent and Trademark Office provides a concise introductory guide to patents and patent law.


Types of Patents

There are three types of patents:

  1. Utility patents are the most common type of patent, and are granted to inventors or discoverers of processes, machines, articles of manufacture, or compositions of matter;
  2. Design patents are granted to inventors of new, original, and ornamental designs for articles of manufacture; and
  3. Plant patents are granted to inventors or discoverers of new varieties of plants.


Patent Royalties Legal Reference

In 1980, the U.S. Congress passed the Bayh-Dole Act, allowing universities to cash in on research conducted by campus brainiacs. For the smartest of the bunch, those royalty streams mean big money. We assembled a list of schools that get the best return on their research dollars, based on a 2006 survey (the most recent data) of 189 universities by the Association of University Technology Managers, which tracks university-spawned patents and licensing revenues. In many cases, a few big hits went a long way.


Related Articles and Sites


Facts and Stats

Top 10 Patent Submitting Universities of 2013

  • UNIV CALIFORNIA = 465
  • MIT = 318
  • UNIV TSINGHUA = 202
  • STANFORD = 193
  • UNIV TEXAS = 182
  • UNIV WISCONSIN = 164
  • NAT TAIWAN UNIV = 158
  • CAL TECH = 155
  • UNIV WASHINGTON = 133
  • KAIST = 107

Top 10 Patent Submitting Companies of 2013

  • IBM = 6817
  • SAMSUNG = 5209
  • CANON = 3896
  • SONY = 3229
  • MICROSOFT = 3073
  • PANASONIC = 3045
  • TOSHIBA = 2729
  • HON HAI = 2337
  • QUALCOMM = 2118
  • LG = 2161