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Should I Assign My Patent Rights to My Company?

The decision to assign your patent rights to your company is decided on a case-by-case basis and should be a topic of discussion with your Patent Attorney. In general, the following lists some factors to consider in deciding to assign your patent rights to your startup or company:

1.Is the invention you are patenting a product or service related to the products or services offered by your organization?

2.Are you an owner or officer within the organization?

3.Will you be compensated for the assignment?

4.Is your organization looking to attract investors?

5.Does your organization obligate you, by binding agreement, to assign your patent rights to the organization?

If you are interested in more detail related to your situation it is best to speak with an attorney.

Yuri Eliezer heads the intellectual property practice group at Founders Legal. As an entrepreneur who saw the importance of early-stage patent protection, Yuri founded SmartUp®. Clients he has served include Microsoft, Cisco, Cox, AT&T, General Electric, the Georgia Institute of Technology, and Coca-Cola.

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