The International Convention for the Protection of Industrial Property was first signed in Paris in 1883. The document itself is known as the Paris Convention. The convention has been revised many times and its current language encompasses patents, trademarks, and industrial designs. As of November 2008, there were 173 contracting parties to the Paris Convention.
The Paris Convention established some important international protocols to deal with multi-national patent filings. It both protects some rights of those who file international applications, and governs procedure for how signatory states should treat these patent filings. Most importantly, the Paris Convention included the vital concept of “priority". This means that under the Paris Convention, patent applicants are granted the date of their first filing as the active application date for patent applications in all additional Paris Union countries, for up to 12 months after filing the original application.
Another useful function of the Paris Convention treaty is that it contains provisions to ensure that intellectual property holders who are non-residents and non-nationals of a Paris Union country are given the same expectations and rights under the law as nationals of said country.In Virginia, the Assignment of Pending Application by Sole Inventor — Paris Convention is a legal document that allows a sole inventor to transfer their rights and ownership of a pending patent application to another party. This assignment is specifically designed to comply with the provisions of the Paris Convention, an international treaty governing intellectual property rights. This type of assignment is essential when a sole inventor wishes to sell, license, or transfer their pending patent application to a third party before the patent is granted. It enables the inventor to monetize their invention and ensures that the new owner can proceed with the application process without interruption. There are various types of Virginia Assignment of Pending Application by Sole Inventor — Paris Convention, each with different purposes and implications. Some commonly used ones include: 1. Absolute Assignment: This type of assignment involves the complete transfer of all rights, title, and interest in the pending patent application from the sole inventor to the assignee. The assignee becomes the new owner and assumes all responsibilities associated with the application. 2. Partial Assignment: In some cases, a sole inventor may want to assign only a portion of their rights or a specific aspect of the pending patent application to another party. A partial assignment allows for the transfer of these specific rights, while the inventor retains ownership of the remaining rights. 3. Exclusive License: Instead of transferring ownership, a sole inventor may choose to grant an exclusive license to a third party. This license gives the licensee the exclusive right to exploit the invention for a specified period, while the inventor retains ownership of the application. 4. Non-Exclusive License: This type of assignment grants a non-exclusive right to use and exploit the invention to multiple parties. The sole inventor can assign or license the application to several parties simultaneously, allowing for broader commercialization opportunities. Regardless of the type of assignment, it is crucial to ensure that the Virginia Assignment of Pending Application by Sole Inventor — Paris Convention document includes essential information such as the inventor's name, assignee's details, patent application number, effective date, and the scope of rights being assigned or licensed. It is also recommended consulting with a qualified intellectual property attorney to ensure compliance with relevant laws and regulations. In conclusion, the Virginia Assignment of Pending Application by Sole Inventor — Paris Convention is a vital legal instrument that enables sole inventors to transfer their rights and ownership of a pending patent application to another party. The different types of assignments provide flexibility in terms of transferring complete ownership, partial rights, or granting licenses.
