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This question pertains to U.S. law, and California law specifically, if it matters.

The motivation behind this question is the scenario where a company has supplied parts or equipment usage to a non-employee inventor in exchange for a non-exclusive and revocable license, in the event that a patent should issue on the invention, or in the event that copyright matter is produced. Is this a valid contract? If not, can the company later claim an interest in the invention and copyright matter?

I think the central and key issue is whether a non-exclusive and revocable license constitutes consideration.

Michael
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benjamin37
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1 Answers1

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Yes

You get to use something together with everyone else who buys a license until someone calls it off. That is more than a peppercorn, thus it is a valid consideration.

Trish
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