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February 06, 2012
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Patent Law News

 

Joint Ownership Agreement Patents

Joint Ownership

Patents may be owned jointly by two or more persons as in the case of a patent granted to joint inventors, or in the case of the assignment of a part interest in a patent. Any joint owner of a patent, no matter how small the part interest, may make, use, offer for sale and sell and import the invention for his or her own profit provided they do not infringe another’s patent rights, without regard to the other owners, and may sell the interest or any part of it, or grant licenses to others, without regard to the other joint owner, unless the joint owners have made a contract governing their relation to each other. It is accordingly dangerous to assign a part interest without a definite agreement between the parties as to the extent of their respective rights and their obligations to each other if the above result is to be avoided.

The owner of a patent may grant licenses to others. Since the patentee has the right to exclude others from making, using, offering for sale, or selling or importing the invention, no one else may do any of these things without his/her permission. A patent license agreement is in essence nothing more than a promise by the licensor not to sue the licensee. No particular form of license is required; a license is a contract and may include whatever provisions the parties agree upon, including the payment of royalties, etc.

The drawing up of a license agreement (as well as assignments) is within the field of an attorney at law. Such attorney should be familiar with patent matters as well. A few States have prescribed certain formalities to be observed in connection with the sale of patent rights.


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Did You Know?    
 
 
Your invention may already be patented.
Public users may perform preliminary searches of patent information in a variety of formats including on-line, microfilm, and print at the United States Patent and Trademark Office (USPTO) Public Search Facility located in Alexandria, VA. State of the art computer workstations provide automated searching of patents issued from 1790 to the current week of issue. Full document text may be searched on U.S. patents issued since 1971 and OCR text from 1920 to 1970. U.S. patent images from 1790 to the present may be retrieved for viewing or printing. Some foreign patent documents are available.

 


  Newsroom  
 


News about Patent cases in Wyoming and nationwide:

India, U.S. Agree To Cooperate on Patents, Copyright
Washington -- The United States and India will work to improve Indian enforcement of copyrights, patents and other intellectual property, trade off...
Read more >


Consolidated Patent Rules
Business to be transacted in writing:All business with the Patent and Trademark Office should be transacted in writing. The p...
Read more >


New York Inventors Set New Patent Record
Russell W. Bessette, M.D., Executive Director of the New York State Office of Science, Technology and Academic Research (NYSTAR), today announced t...
Read more >


More Patent News >

 
 

Patent Law Terms

 


Monday's Term

Parent Application

Definition:
The term "parent" is applied to an earlier application of the inventor disclosing a given invention.

PALM

Definition:
Patent Application Locating and Monitoring system - an internal USPTO system that is the source of status information displayed in PAIR .

Informal Application

Definition:
An application that has been filed without one or more of the elements required to receive a filing date. The USPTO will return informal applications to applicants.

More Patent Terms >

 

Patent Law Resources

 


Search Patent resources in our resource center:

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Patent Lawyer Hot Topics

 
Topics Related to Patents Law:

  • Trademarks & Patents
  • Patent Pending
  • Patent Regulations
  • Invention Patent
  • Patent Infringement Law

More Patent Topics >

Wyoming Patent Attorney

 
If you live in the following cities and need an patent attorney you should contact our Patent Attorney as soon as possible:

  • Casper
  • Cheyenne
  • Cody
  • Douglas
  • Evanston
  • Gillette
  • Green River
  • Jackson
  • Lander
  • Laramie
  • Powell
  • Rawlins
  • Riverton
  • Rock Springs
  • Sheridan
 


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