Each inventor has the full spectrum of patent rights to his/her claimed invention. This means that each inventor can separately assign and license the patent without the other’s permission. However, each inventor must account for and share all the profits he has earned from the license of a patent with the other inventors.
When multiple inventors are members of the same entity (such as a business organization), it is advised that all inventors assign his/her rights to that entity. In this way, there is only one entity that can control the licensing and assignment of the patent. In this way, how that entity decides to control the patent is then a matter of how the entity is structured and what roles the inventors play within that entity.
If you are interested in more detail related to your situation it is best to speak with an attorney. Discuss Your Patent Needs with a Professional.
His degree in Electrical and Computer Engineering has helped him serve technology companies of all sizes including Microsoft, Cisco, Cox, AT&T, General Electric, Georgia Institute of Technology, and Coca Cola.
Eliezer’s technological knowledge, entrepreneurial expertise, and nuanced perspective on technological innovation, has attracted national media coverage, of the likes of NPR, CNN, and The International Business Times. Eliezer also applies his wide-ranging experiences as an Advisor to the Atlanta Tech Village, where he provides guidance to a community of 120 startup companies.
- USPTO’s Semiconductor Technology Pilot Program - December 18, 2023
- First-Time Filer Expedited Examination Pilot Program (FTEEP) - October 17, 2023
- If You’re Making Your Own Board Game, How Do You Protect Your Idea? - October 10, 2023
