A patent is a grant of a property right by the Government to an inventor. The United States Constitution gives Congress the right to provide for patent protection in legislation in order to encourage useful inventions. The patent itself provides a detailed description of the invention, and how it is used or how to make it. Thus, if you obtain a patent you cannot keep the matter secret, which is the province of Trade Secret Law. A patent enables the owner to exclude others from making, using or selling the invention for the life of the patent.
Oklahoma Assignment of Rights in Invention Prior to Execution of Application refers to the legal process through which an inventor transfers the ownership of their invention to another party, typically an employer or a company, before submitting a patent application. This assignment ensures that the employer or company has the exclusive rights to the invention, including the rights to file for a patent and to commercialize it. The Oklahoma Assignment of Rights in Invention Prior to Execution of Application is crucial in protecting the interests of the employer or company. By acquiring the rights to the invention, they can fully exploit its potential and prevent the inventor from claiming ownership or licensing the invention to competitors. There are two main types of Oklahoma Assignment of Rights in Invention Prior to Execution of Application: 1. Voluntary Assignment: This type of assignment occurs when an inventor willingly transfers their rights to the employer or company. It is typically part of an employment agreement or a separate agreement specifically addressing ownership of inventions. The inventor may receive compensation or other benefits in return for the assignment, such as royalties or a higher salary. 2. Involuntary Assignment: In some cases, the assignment of rights may be involuntary, meaning that the inventor is obligated by law to assign their rights to the employer or company. This usually applies when the inventor is an employee and the invention is made within the scope of their employment. In such instances, the employer automatically gains ownership of the invention without the need for a separate agreement. The Oklahoma Assignment of Rights in Invention Prior to Execution of Application is an important legal tool to establish clear ownership and control over inventions. It ensures that employers or companies, who often invest significant resources in research and development, can benefit from the inventions created by their employees.
