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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.

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  • @Jen License to produce and sell a product based on the invention, which would otherwise infringe the patent and license to use the copyright matter produced within the product (i.e., computer code).
    – benjamin37
    Commented Dec 2, 2023 at 16:02

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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.

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