Replace Page in the Patent Assignment

Aug 6th, 2022
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How to Replace Page in the Patent Assignment

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hi Stuart Walsh here with the inventors Learning Center please subscribe for more videos and check out our website WWE inventors LC comm today were going to look at patent ownership and how patents can change ownership through the process of assignments first off an invention always starts out as the property of the inventor but once it becomes a patent or even a patent application its ownership can be transferred patents are intellectual property and like other forms of property they can change ownership a lot these transfers of ownership happen for lots of different reasons Ill run through a few common examples employee to employer generally if you invent something as part of your job and your employer pays for the patent you will be required to sign over the patent to your employer you will be listed as the inventor but you wont own the patent on the corporate front companies can transfer ownership of patents or portfolios of patents in the course of doing business like when they

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The applicant, patentee, or his assigns or legal representatives may in like manner grant and convey an exclusive right under his application for patent, or patents, to the whole or any specified part of the United States.
The assignor normally remains liable unless there is an agreement to the contrary by the other party to the contract. The effect of a valid assignment is to remove privity between the assignor and the obligor and create privity between the obligor and the assignee.
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.
In the U.S., any person can ask the U.S. Patent and Trademark Office (USPTO) to re-examine an approved patent. If prior art or publications show that your claims are not new, the USPTO may invalidate, or revoke, your patent, which means that your rights are surrendered.
s. 36(3) is also relevant. Any person may apply for revocation, including the proprietor of the patent. However, where there are co-owners, unless all co-owners agree that it should be possible, one co-owner may not seek revocation of the patent against the wishes of the others.
Clearly identify the patent being assigned: State the patent or patent application number, title, inventors, and filing date. Be signed by the assignors. Be docHubd: If notarization isnt possible, have one or two witnesses attest to the signatures.
Assignments made for value, or with consideration, are irrevocable. This means that the assignor cannot cancel or take back the assignment.
Patents may be revoked, that is, taken off the register of patents, if it is decided that they are invalid in some respect. The effect of revocation is that the patent is cancelled and is meant to be treated as if it had never existed.

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