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Ownership rights
Posted by Anonymous . updated on 7/21/2010
I was a non paid partner in a corporation and assigned my patent to the company. I also have a consulting business that funded the idea and prototype work for the patent. The consulting business was never reimbursed for any of its work. The corporation said they didn't owe the consulting business anything because there was no contract between the two companies. As a partner I was authorized to contract to individuals for services. Does the consulting business have any ownership in the patent / ideas and should the consulting business been required to assign it right to the patent?
Answers (1)
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Jared H...
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Please do not rely on statements made by respondents on this peer-answers forum. Answers provided on this peer-answers forum are NOT legal advice. Answers on this forum are not moderated, and some peer-answers may not be accurate. You should consult with a licensed attorney in your jurisdiction. Please do not place any confidential information on this forum.
Ideally, if there is an express written agreement that assigns patent rights for inventions made to the Consulting business, then you are required to assign the patent right to the Consulting business. But if no written agreement exists, you own any patent rights on the inventions.
Karuna
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