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US Patent Transfer/Assignment

Updated:2018-9-4 14:37:04    Source:www.tannet-group.comViews:224

Patent transfer is one way to obtain a patent instead of registering one through normal registration process. In fact, all forms of intellectual property (trademarks, patents and copyrights) can be transferred in two ways: the property can be temporarily transferred under a license; or the property can be permanently transferred by way of an assignment. Here, Tannet mainly talk about the patent transfer.

An inventor can agree to a patent transfer or may license the invention to a company for a price and therefore profit from the invention. A patent transfer can provide the funding and marketing needed to legitimize and birth an invention. Actually, there are many world known enterprise who purchase patents to increase the patent reserve in short-term.

Advantages of Patent Transfer
1. For Transferor
(1) Earn a lucrative income;
(2) Have access to cooperative development opportunities;
(3) Achieving a wider field of enterprise layout

2. For Transferee
(1) Get a valuable technical scheme;
(2) Save the funds for R&D;
(3) Improve the technical layout of enterprises;
(4) Strengthen the foundation of R&D and promote the development of its own technology;
(5) Enhance the effect of marketing promotion;
(6) Strengthen enterprises’ competitiveness.

US Patent Transfer/Assignment
Patent transfers occur when one individual or entity agrees to hand over all or some of the exclusive rights granted to him or her by the United States Patent and Trademark Office (USPTO). 

To transfer a patent successfully, the two parties must write and sign a contract detailing the specifics of the transfer. Patents are commonly transferred through a will or license and can be sold by the owner. An inventor can also transfer a patent through written agreements called assignments. Assignments are a permanent transfer of the rights. In other words, you’re selling the rights to someone else and you will not be getting them back. Assignments must be presented before a notary public or an official authorized by the USPTO.

There are three kinds of patents: utility, design, and plant. These three categories run the gamut of nearly every conceivable invention acknowledged by the USPTO. Intangible assets and intellectual property can also be transferred between parties as long as both parties sign a binding contract.

Every inventor should know about the patent they hold include the type, provisions, and the duration of their patent. Filing the wrong type for your invention guarantees a denial of the application and you will lose your application fee.

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If you have further queries, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143512 or 86-755-82143181 or emailing to You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

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