An assignee of a patent is a person or entity that has received the rights to a patent through a formal written assignment. This assignment grants the assignee the full interest in the patent, or a portion of it, allowing them to make, use, and sell the patented invention across the United States. The assignment must be documented in writing and recorded with the Patent Office to be legally recognized.
The term "assignee of a patent" is primarily used in intellectual property law, specifically in the context of patents. It is relevant in various legal practices, including:
Users can manage patent assignments through legal forms available from resources like US Legal Forms, which provide templates drafted by attorneys to ensure compliance with legal requirements.
Here are a couple of examples of abatement:
Example 1: A technology company, Tech Innovations LLC, invents a new software algorithm and assigns the patent rights to a larger corporation, Global Tech Inc. This assignment allows Global Tech Inc. to exclusively use and sell the software under the patent.
Example 2: A researcher creates a new medical device and assigns the patent to a startup company. The startup now has the exclusive rights to develop and market the device (hypothetical example).
| Term | Definition | Difference |
|---|---|---|
| Patentee | The original holder of the patent rights. | The patentee is the inventor or original owner, while the assignee is the person or entity to whom those rights are transferred. |
| Licensee | A person or entity granted permission to use a patent. | A licensee has permission to use the patent but does not hold ownership rights like an assignee does. |
If you are considering assigning a patent or have received an assignment, it is essential to:
Users can also explore US Legal Forms for ready-to-use legal templates to assist in drafting patent assignments.
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| Attribute | Details |
|---|---|
| Document Type | Written assignment |
| Recording | Required at the Patent Office |
| Rights Acquired | Exclusive rights to make, use, and sell the invention |
An assignee holds the rights granted by a patent assignment, allowing them to use and enforce the patent.