South Dakota Assignment of Pending Design Patent Application by Sole Inventor
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How to fill out Assignment Of Pending Design Patent Application By Sole Inventor?
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FAQ
A patent can only be applied for by the legal owner of the invention ('patent applicant'). The inventor is the legal owner of the invention unless this has been assigned to another party under a contract or by applicable law (see below).
If you do creative, engineering, design, or development work, your employer might ask you to sign an invention assignment agreement: a contract giving your employer ownership rights in inventions and intellectual property you develop during your employment.
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.
Inventor: individual(s) who have contributed to the claimed invention. However, they may or may not have an ownership interest in the legal rights of the patent. Assignee: Organization(s) and individual(s) that have an ownership interest in the legal rights a patent offers.
Defining Patent Assignment Here's a high-level overview of how patent assignments work: when a patent's owner or applicant assigns it to another individual or company, the assignor agrees to relinquish their rights to enforce or benefit from it in the future.
Provisional patent applications do not need to be assigned upon filing. However, it is a good idea to get an assignment executed by an inventor(s) sooner rather than later if another person or entity intends to own the rights to the patent.
During examination of a pending patent application or after the patent is granted, the owner of the patent may change: 1) the original owner may transfer ownership to another entity or party, through an "assignment;" or 2) the original owner may retain ownership but change its name.
An invention assignment agreement is a contract in which an employee or independent contractor assigns intellectual property rights for their services to the company. These agreements typically appear in other employment documents such as confidentiality agreements or an independent contractor agreement.