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Some of the innovators working for your business might not have a formal employer-employee relationship with the business.
It's important because this right gives someone the ability to sue for past damages.
Inventors don't have to worry about the right to causes of action since prior infringement is impossible. Interested parties should also check assignments to see if any security interests exist.
An investigator must contact each of them to get approval.
If a single person refuses, an affadavit could negate the entire patent.
So if your employees are creating valuable IP on behalf of your company, it’s important to get the patent assignment right, to ensure that your business is the patent owner.
In this post, we’ll take a closer look at what a patent assignment even is — and the best practices for approaching the process.
, only an inventor or an assignee can own a patent — and businesses cannot be listed as an inventor.
Accordingly, patent assignment is the legal mechanism that transfers ownership from the inventor to your business.
In rare instances, inventors do put patents up for collateral, generally in bank transactions.
The assignments database will show this information.