You thought you made the right choice involving an independent contractor or even your friends and family in the collaboration of your invention. It turns out that when you share your invention with others, you risk reducing the value of your invention rights. Why does this happen? The core issue is ownership. Who owns the invention or patent when you work with others? You … [Read more...]
Independent Contractor Invention Assignment
Independent contractors who invent owns inventions rights unless it is assigned to a hiring company by way of an invention assignment.
Patent rights initially vest with the person that conceives of the invention. For example, if a company hires an independent contractors, patent rights initially vest with the independent contractor. If the company hiring the independent contractor wants to exploit the invention, the company must acquire the patent rights from the independent contractor through an … [Read more...]