Easily Insert Alternative Choice from the Patent Assignment

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How to Insert Alternative Choice from the Patent Assignment

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[Music] kobold at bold IP calm hey there my name is JD hoop and Managing Partner here at bold IP law firm Im happy to be here today with you to talk about patent assignments and the transfer of ownership over the IP and patent asset to one or more entities and what does that mean for the inventor the assignee and the assign or in the transaction were going to go through a really fun example thats relevant to the recent holiday we just had at 4th of July before we get to that I do a brief introduction about the law firm we are bold IP and we do patents trademarks copyrights and trade secret law we are returning cetera business minded and of our inventors and artists and creators think about the business side of their intellectual property first and always as they move forward and protect their IP and how theyre going to be able to leverage that in the market and make a profit on all the hard work theyre investing in securing and protecting their intellectual property on our website

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What rights does a patent owner have?

A patent owner has the right to decide who may or may not use the patented invention for the period in which the invention is protected. In other words, patent protection means that the invention cannot be commercially made, used, distributed, imported, or sold by others without the patent owners consent.

What does it mean when a patent is assigned?

Assignment means a transfer by a party of all or part of its right, title and interest in a patent, patent application, registered mark or a mark for which an application to register has been filed.

What is the difference between patent ownership and assignment?

In a license agreement, the patent owner gives another entity (the licensee) permission to use the patented technology, while the patent owner retains ownership. In a patent assignment, the original owner permanently transfers its ownership to another entity.

How do I change a patent assignment?

The original owner should record the assignment or name change with the USPTOs Assignment Recordation Branch by filing a Recordation Cover Sheet along with a copy of the actual assignment or proof of name change.

Can I amend my patent application?

Unfortunately, under United States patent law you can not amend the patent to include the new subject matter reflecting the improvement you made to the invention. You will have to file a new patent application for the improvement to the invention instead of filing an amendment to the patent.

What is a substitute statement for assignment USPTO?

A substitute statement under 37 CFR 1.64 must: (1) comply with the requirements of 37 CFR 1.63(a), identifying the inventor or joint inventor with respect to whom a substitute statement in lieu of an oath or declaration is executed, and stating upon information and belief the facts which such inventor is required to

Is a patent assignee the owner?

The assignee is the entity that has the property right to the patent. Patents are property. The inventor and the assignee may be one in the same but an employee will more than likely assign a patent to a company. The assignment of a patent is independent from the inventorship.

What are the advantages of assigning a patent?

Advantages of patents You get protection for a pre-determined period, allowing you to keep competitors at bay. You can then use your invention yourself. Alternatively, you can license your patent for others to use it or you can sell it. This can provide an important source of revenue for your business.

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