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ANNOTATED DISTRIBUTION AND LICENSE AGREEMENT (VACCINES)1 Section Annotations Distribution and License Agreement is entered into at the date of countersignature (the Effective Date) by and between
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A patent is a legal right granted to an inventor for a specific period, giving them exclusive rights to their invention, while know-how refers to the practical knowledge or expertise required to carry out a certain process or to produce a certain product.
The inventor or the individual/entity holding the rights to the invention is required to file for a patent, whereas know-how may be kept confidential by its holder and does not require formal registration.
To apply for a patent, one must typically complete a patent application form, which includes a detailed description of the invention, claims defining the scope of the patent, and any necessary drawings. Know-how does not require a formal filing process.
The purpose of a patent is to protect an invention from being made, used, or sold without permission, thereby encouraging innovation. Know-how serves to safeguard proprietary knowledge that gives a competitive advantage.
For a patent, the applicant must provide a description of the invention, prior art, claims, and drawings. Know-how may include technical specifications, processes, or trade secrets, although they are not required to be disclosed formally.
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