Assignment United Patent For Deceased Inventor

State:
Multi-State
Control #:
US-01765
Format:
Word; 
Rich Text
Instant download

Description

The Assignment of Interest in United States Patent form is essential for transferring patent rights from a deceased inventor to another party. This legal document records the assignor's (deceased inventor's estate) sale, transfer, conveyance, and assignment of all rights, title, and interest in a specified patent or patent application. Key features include the identification of the assignor and assignee, details about the patent such as patent/application number and invention title, and a section for notarization. To fill out the form, users must input identifying information, including the effective date of the assignment and signatures from both assignor and assignee, ensuring proper authorization. Examples of use cases for attorneys, partners, owners, associates, paralegals, and legal assistants include enabling the transfer of intellectual property to heirs or benefactors, facilitating business acquisitions, and managing estate sales. This form is vital for maintaining clear legal ownership of patents after the inventor's death and is essential for protecting the interests of the patent holder's estate.
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FAQ

Assignee. Person to whom the inventor is obligated to assign.

A person to whom the inventor is under the obligation to assign the invention may file a patent application and be identified as the applicant.

Like other forms of property, the rights symbolized by a patent can be inherited, sold, rented, mortgaged and even taxed. When a patent expires, or is held invalid, the right to exclude the others ceases. The public is the ultimate beneficiary of the technical advance.

What's important to understand is that you must include as named inventors anyone who conceived of an invention in any claim ? even dependent claims.

When the inventor dies, he no longer owns the patent, so there is nothing to transfer. However, if the inventor still owns the patent, he can transfer it through a will or trust. If the inventor did not have a will or trust, it will pass to heirs via intestacy law, like every other right.

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Assignment United Patent For Deceased Inventor