An organization can generate revenue by licensing its patent to others.

Question

Quizplus · Accepted Answer

Yes, an organization can generate revenue by licensing its patent rights to others. This means that the organization allows another party to use its patented technology or invention in exchange for a fee or royalties. The licensee can then use the patented technology to manufacture products or provide services, while the licensor earns income from the licensing fees or royalties.

An Organization Can Generate Revenue by Licensing Its Patent to Others