Patent pending license means that the patent application has been examined and passed, waiting for obtaining the patent certificate. Before obtaining the patent certificate, you need to pay the patent registration fee, announcement printing fee, stamp duty and annual fee for the year of authorization.
After obtaining the patent right, the inventor can monopolize the market privilege and be protected by law. After obtaining the patent right, the inventor enjoys the exclusive right to manufacture, use and sell his patented products, and can obtain market profits.