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patent law
Posted by . updated on 9/11/2000
if a patent has been issued to a corporation or company and they have folded, what happens to the pate
Answers (1)
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Daniel ...
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Assuming the patent is still valid and all fees have been paid, the question is not one of patent law but of corporate law. The answer is that the patent, like all other corporate assets, passes to the directors (generally - depends on the state of incorporation) as trustees for the creditors and then the shareholders of the corporation.
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