Alaska Exclusive License Agreement between Individual Inventor and Corporation
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How to fill out Exclusive License Agreement Between Individual Inventor And Corporation?
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FAQ
Employers typically own intellectual property developed by their employees, but there is room for negotiation. Intellectual property rights can be a concern for employees regarding works created or developed within the workplace context.
Typically, employers are entitled to all intellectual property created at/for their business, unless there exists a contract stating otherwise.
US law presumes that a patent application is owned by the individual inventor(s) unless another person or entity is properly identified and substantiated as the patent owner. So the inventor is assumed the owner unless otherwise indicated.
WHAT IS PATENT OWNERSHIP? According to the rules and practice of the U.S. Patent and Trademark Office (USPTO), the patent owner is the entity who has authority to file patent applications and take action in a pending application.
If the employee was hired for the specific purpose of inventing a defined product or process, the invention belongs to the employer. General inventions made at the employer's expense but not at the employer's specification are often not the property of the employer.
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.
When you're looking at a published application or issued patent, you'll find the owner of the patent listed as the assignee of a patent. If there are no listed assignees, then the owner is the inventor or inventors.
Practitioners and licensing executives often refer to three basic types of voluntary licenses: non-exclusive, sole, and exclusive. A non-exclusive licence allows the licensor to retain the right to use the licensed property and the right to grant additional licenses to third parties.
The agreement with AutoPartsCo said that all inventions made by the PTU and Professor Milbourne's lab during the course of the project would be owned by PTU and a royalty-free licence given to AutoPartsCo.