Michigan Assignment - Employee Inventor
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FAQ
Protect Your Company Brand To achieve this, you should just include a provision that clearly states that your business owns the exclusive right to use all of your branding materials. For example: ?[Your business] owns all intellectual property rights in the products and company branding as between you and us.?
Company: A company can never be listed as an inventor; only its employees can be. But a company can be the owner of a patent? which leads us to the concept of ownership.
Who owns the patent? Patent rights belong to the inventor who conceived the invention unless that inventor assigns the patent rights to another, or the courts apply the equitable doctrines of hired-to-invent or shop rights.
By assigning your patent to your company, including a company you form yourself, you limit any potential personal liability that may arise related to the patent. This means your personal assets are not on the line should issues arise down the line and litigation ensue related to your patent.
The general rule is that you own the patent rights to an invention you create during the course of your employment unless you either: signed an employment agreement assigning invention rights, or. were specifically hired (even without a written agreement) for your inventing skills or to create the invention.
Patents have their place behind thousands of successful companies. Patented technology can increase your brand's value and the valuation of your company?when patents are prepared thoughtfully and comprehensively.
A patent assignment is a document transferring ownership of the patent application from one person or entity to another. Most patent assignments will identify the inventors as the assignors (i.e., the ones transferring away patent rights) and a company as the assignee (i.e., the one receiving the rights).
An inventions assignment agreement is a typical feature of an independent contractor or employee agreement where the worker agrees to assign any intellectual property rights arising from the worker's services to the company.
