Avoid Problems: Get an Invention Assignment Agreement
Companies acquire invention rights by one of three ways from employees. A formal Invention Assignment Agreement is typically executed when the employee begins employment. The Agreement assigns certain inventions of the employee to the company. Invention rights can also be acquired by way of the Employed-to-Invent doctrine. In particular, to the extent that the employer [...]
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Conflicting Invention Assignment Clauses
In conflicting invention assignment agreements, the “does hereby assign” language of Cetus’ Agreement was operative to immediately assign the invention and vest title of the invention to Cetus instead of the inventor’s employer – Stanford.
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Patent Assignments
Patentees can profit from the patents they hold by licensing their technology. Alternatively, patentees can sell their technology to others through an assignment of the patent. In either case, it is important to carefully lay out the terms and conditions of the license or assignment to make clear the intent of the parties. In The [...]
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