FAQs about Inventions & Patents
Question: If a first person furnishes all of the ideas to make an invention and a second person employs the first person or furnishes the money for building and testing the invention, should the patent application be filed by the first and second persons jointly?
Answer - No. The application must be signed by the true inventor, and filed in the USPTO, in the inventor’s name. This is the person who furnishes the ideas (e.g. the first person in the above fact pattern), not the employer or the person who furnishes the money.
Question: What are Intellectual Property Rights (IPR)?
Answer - Intellectual property is a creation of an individual's intellect. The law grants an individual ownership rights over this intangible property, just as the law grants ownership over material things.
Question: What is there to prevent a company from licensing a NIST invention and then just sitting on it?
Answer - Potential licensees must submit a plan for actively developing and commercializing the technology. NIST uses it to establish certain technical and commercial milestones in the license agreement which the licensee must meet in order to retain the license.
Contact us for legal assistance with any invention idea or issues related to inventions such as:
Exploration,
Programs,
Companies,
and any other IP related technology legal help.
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