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South Range Local Schools K12 Newsletter November 2019 Inside this issue:. The Community Centerpiece Building on ExcellenceElementary School2Middle School4High School5K126PTO Auction The 39th annual
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A PTO auction is a process where eligible patent owners can sell or license their patents to the highest bidder, often conducted by the U.S. Patent and Trademark Office or related entities.
Any patent owner who wishes to sell or license their patent through the PTO auction process is required to file.
To fill out a PTO auction, applicants must complete the necessary forms provided by the PTO, detailing the patent information, terms of the auction, and any other relevant documentation required.
The purpose of the PTO auction is to provide a platform for patent holders to monetize their patents, encourage innovation by ensuring that patents are used effectively, and facilitate the transfer of patent rights.
Information that must be reported includes the patent number, title, ownership details, description of the patent, proposed sale terms, and any restrictions on the use of the patent.
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