question.jpgIn Patents

What is assignment?

Within the context of patent law, an assignment is when the rightful owner of a patent, often the inventor of the invention protected by the patent, transfers all of his rights in the invention to another person.┬áThat other person (called the “assignee” in legalese) then has all of the legal rights granted by owning a patent, meaning he can prevent others from making, selling and using the invention. An assignment is done by having the patent holder prepare a formal assignment which is then filed with the PTO.┬áThe formal paperwork for the patent will then be altered to indicate that the patent has been assigned to a new person or entity.