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The patent owner may give permission to, or license, other parties to use the invention on mutually agreed terms. The owner may also sell the right to the invention to someone else, who will then become the new owner of the patent.
An assignee is often the organization employing the inventor of the technology. An assignee can also change at a later date. Applicant: Organization or individual that files the patent application is called the applicant. This could be the original inventor, or it could be the assignee.
Inventor: individual(s) who have contributed to the claimed invention. However, they may or may not have an ownership interest in the legal rights of the patent. Assignee: Organization(s) and individual(s) that have an ownership interest in the legal rights a patent offers. There may or may not be an assignee.
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.
An invention assignment agreement is a contract in which an employee or independent contractor assigns intellectual property rights for their services to the company. These agreements typically appear in other employment documents such as confidentiality agreements or an independent contractor agreement.
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A Confidential Information and Invention Assignment Agreement is an agreement between a company and its employees, contractors, consultants, and business partners. It details how a companys confidential information and intellectual property is to be handled.
In the US, the inventor is presumed to be the initial owner of a patent or patent application. If there is more than one inventor, there may be more than one owner. Ownership can be transferred or reassigned.
An applicant is a person who has the right to file a patent for the invention in the patent office. In India, the following persons get the right to file a patent for an invention in the patent office : The inventor himself. The assignee of the inventor.
A named patent applicant is the legal owner of a patent application or granted patent. This may be an individual or, more commonly, a company, university or other legal entity. An applicant is named as part of the patent application process and is the legal holder of the rights to any resulting granted patent.
A patent application and any resulting patent is owned by the inventor(s) of the claimed invention, unless a written assignment is made or the inventors are under an obligation to assign the invention, such as an employment contract.

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