can I buy or sell patent rights? Yes, if you are an inventor you may assign all or part of your interest in the patent application or patent to anyone by a properly worded assignment. The patent application itself must be filed in the U.S. Patent and Trademark Office as the invention of the true inventor, however, and not as the invention of the person who purchased the invention from the inventor. Just as deeds to real estate should be recorded with the local county officials to protect the parties’ rights, patent assignments should be recorded in the Patent Office to give notice to the to the public and other potential purchasers.
why do I need a patent? If your invention has market potential and you think that another company could make profits from your invention, you need protection from a patent. -A patent gives you the right to exclude others from making your product. -As a patent gives exclusivity, the patent holder has time to market the invention without competition making him/her able to charge higher prices. -It gives the right to initiate legal action against anyone that is making or selling, without permission, the patent holder invention. -You can make money by licensing or selling your invention to someone else. -It gives you priority over third parties wanting to register their patents in countries that do not require registration.
Patent, Copyright, Trademark FAQ's Frequently Asked QuestionsRefer to the 20 Year Patent Term Adjustment FAQs for more information. ...
One cannot maintain information important to the patent as trade secret if the ...
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