Mississippi Assignment of Rights Under Patent Application and Patents That May Be Issued
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FAQ
Assignee - Listed on PatentIf an application has been assigned and the assignment is recorded, on or before the date the issue fee is paid, the patent will be issued to the assignee as owner. If the assignment is of a part interest only, the patent will be issued to the inventor and assignee as joint owners.
A patent assignment is an agreement where one entity (the assignor) transfers all or part of their right, title and interest in a patent or application to another entity (the assignee).
A patent can be licensed or assigned only by the owner of the patent. In case of co-owners or joint- owners, a co-owner can assign or license the patent only upon consent of the other owner(s).
Patent applications filed with the USPTO are given a serial or application number in the format of XX/YYY,YYY. The first two digits before the slash (the XX) are the series code and the six digits after the slash (the YYY,YYY) are the serial or application number.
Patent assignment transfers your ownership rights in your patent from yourself to your company. This means that once you assign the patent, you transfer all ownership and control of that patent and its intellectual property rights as the patent inventor to another entity/company, known as an assignee.
Basically speaking, a patent assignment is a legal way for an inventor to transfer ownership of a patent to a business. As you may recall, in the United States, only a person (or group of people) can be listed as the inventor of a patent; a business cannot be listed as the inventor.
A patent or patent application is assignable by an instrument in writing, and the assignment of the patent, or patent application, transfers to the assignee(s) an alienable (transferable) ownership interest in the patent or application.
Basically speaking, a patent assignment is a legal way for an inventor to transfer ownership of a patent to a business. As you may recall, in the United States, only a person (or group of people) can be listed as the inventor of a patent; a business cannot be listed as the inventor.
Patent applications must satisfy the following three criteria:Novelty. This means that your invention must not have been made public not even by yourself before the date of the application.Inventive step. This means that your product or process must be an inventive solution.Industrial applicability.