Joint Ownership Agreement For An Invention
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FAQ
Joint ownership of intellectual property refers to the sharing of intellectual property (IP) rights to a particular invention between two or more parties. It usually occurs as a result of two or more people co-inventing a patentable product, creative work, design, or concept.
Joint Patent means a Patent claiming an invention conceived jointly by a Party's or its Affiliates' employees, agents, or independent contractors, or any persons contractually required to assign or license such invention to such Party or any Affiliate of such Party, on the one hand, and the other Party's or its
A patent application and any resulting patent is owned by the inventor(s) of the claimed invention, unless a written assignment is made or the inventors are under an obligation to assign the invention, such as an employment contract.
A patent can be owned jointly if devised jointly by more than one person. As far as US patent law is concerned, the default rule is that each joint owner can utilize or exploit the patent without the permission of the other joint owners.
A joint inventor is an individual who has not only made a significant contribution to the conception of the invention, but also participated in a "collaboration or concerted effort" towards the invention. Eli Lilly & Co. v. Aradigm Corp., 376 F. 3d 1352, 1359.