Excerpt from Patent Law Revision, Vol. 1: Hearings Before the Subcommittee on Patents, Trademarks, and Copyrights of the Committee on the Judiciary, United States Senate, Ninety-Second Congress, First Session, Pursuant to S. Res. 32 on S. 643, S. 1253, and S. 1255, Part 1; May 11 and 12, 1971 Patents, by statute, have the attributes Of personal property. The owner of personal property other than patents enjoy, among the attributes of owner ship, the right to dispose of all or part of his property whenever, wherever and to whomever he chooses. And in disposing of it he is not called on to prove that what he is doing is legal or even reasonable. The patent owner, in dis posing Of his patent property, should enjoy the same presumption of legality and reasonableness concerning his transactions. There is need for legislative clarification in several specific areas of patent licensing. These include. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.