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US Patent Acquisition/Transfer

Updated:2018-10-23 11:37:23    Source:www.tannet-group.comViews:242

US patent acquisition/transfer refers to change the ownership from the former owner to another party through the assignment. As objects of intellectual property or intangible assets, patents and patent applications may be transferred. In today’s world, lack of intellectual property poses a challenge of patent infringement not only within the country but also when companies plan to go global. At such a time, patent acquisition of foreign assignees helps support the goal of having global business operations.

What Involved in a Patent Transfer
What is involved with the legal transfer of a patent, also known as changing patent ownership? During examination of a pending patent application, or after the patent has been granted, the owner of the patent may change:

1. the ownership of the patent to another entity or party through an assignment;
2. the name of the patent while retaining ownership of the patented idea.

The original owner should record the assignment or name change with the United States Patent and Trademark Office (USPTO) Assignment Services Division by filing a Recordation Cover Sheet along with a copy of the actual assignment or proof of name change.

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 are typically made under employment or contractor agreements, when companies acquire the assets of other companies, or when intellectual property is used a security such as when a movie studio secures loan by assigning movie rights in return for a loan.

Valuation in Patent Acquisition
Every patent acquisition involves a valuation in order for the parties to agree on a sales price. Many factors can determine value. For instance, the purpose for which the patent assets are being acquired can influence the valuation. If a company is buying assets for defensive purposes the valuation is tied to the perceived benefit of owning the assets for that objective. If the patent assets are being purchased with licensing or litigation in mind, the valuation is tied to expected licensing revenues, costs of litigation, potential outcomes, and determination of the inherent risks of litigation.

Ignoring intellectual property might have some serious implications as it plays a major role in making and breaking businesses. Strong patents do not only strengthen your patent portfolio, they also determine the future of your company. Tannet provide a full ranges of intellectual property services, we can help you file the patent application worldwide, and offer you with registered patent for transfer as well.

Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. 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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