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A well-planned global licensing campaign protects a patent owner from litigation, strengthens the business’s standing in the minds of its customers, and helps the business enter new markets without increasing either ongoing expenses or capital expenditures.

Royalties are defined as legally binding payments made to any business or individual for the use of any form of intellectual property including a patent.

The creation and development of many agricultural products and inventions has helped the agricultural sphere advance in many different ways.

Intellectual property authorities are divided on the question of the patentability of stem cells.

Textile patents can involve items such as new methods for the dyeing of fabrics, garments designed to promote hygiene and cleanliness, and even entirely new types of fabrics.