When a Patent Is Transferred, the Most Common Forms of Payment

question 2

True/False

When a patent is transferred, the most common forms of payment received by the transferor are a lump sum and/or a periodic payment.

---

Definitions:

Efficiency

The ability to accomplish a task or goal with the minimum expenditure of time and resources; often related to optimizing processes and productivity.

Social Constructionist Approach

A theory in sociology and philosophy suggesting that social phenomena are created, institutionalized, and made into tradition by individuals within a society.

Principles for Good Governance

Fundamental guidelines and practices that ensure an organization is managed effectively, ethically, and in a manner conducive to its sustainability and accountability.

Ethical Practice

Adherence to moral principles and standards of conduct, particularly in a professional context.