Patent Ownership

Posted Tuesday, October 13, 2009 by Jim Ruttler.

Ownership of patent applications and patents automatically vests in the inventor unless the patent application is assigned to another entity. Therefore, in the case of multiple inventors, partnerships, investors, independent contractors, or employees, great care must be exercised to ensure that ownership of the patent application resides with the intended party or parties. If a transfer of ownership is deemed necessary, a valid assignment agreement may be executed and recorded with the U.S. Patent Office.

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