A patent is a type of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of time in exchange for publishing an enabling disclosure of the invention.
What is a patent record?
Legal Protection: It provides legal protection against subsequent purchasers or mortgagees. Official Recognition: The USPTO recognizes the assignee for all matters before the Office. Public Notice: It serves as public notice of the assignment.
What are the benefits of recording a patent assignment?
When purchasing a patent, a company records it in the Patents account at cost. The firm also debits the Patents account for the cost of the first successful defense of the patent in lawsuits (assuming an outside law firm was hired rather than using internal legal staff).
Each document submitted to the Office for recording must include a single cover sheet (as specified in 3.31) referring either to those patent applications
The assignment document, if not in the English language, will not be recorded unless accompanied by an English translation signed by the translator. 302.03
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