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- In the United States, if you are an industry employed scientist,
engineer or technician your employment agreement specifies your employer
owns your inventions.
- There is no “Use it, or Lose it” provision.
- In academia the usual division income or royalties are split three ways
between the inventor(s), the university, and the inventor(s) department
or laboratory.
- Government funded inventions and inventions by government employees are
administered under Executive Order 10096.
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F. Neumeyer The Employed Inventor in the United States MIT Press
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- Any joint
owner of a patent ….
- may sell the interest or any part of
- it or grant licenses to others
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- Submarine patent is a term for a patent first published and granted long
after the original application was filed.
- Jerome Lemelson’s 1994 patent, stems from a 1954 application, for
technology we now call bar code scanning. $1.5
billion in royalties
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- W. Henry Wall’s Patent No. 6,974,475, languished in the U.S. patent
office for 18 years -- and was lost for seven -- before it was granted
December of 2005.
- "This is probably the King Kong of patents”.
- Dr. Wall's patent gives him the right to exclude anyone from making,
using or selling any stent or method for delivering a stent described in
the claims.
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Wall Street Journal
Jan. 26. 2006
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- TTL/stent OR ABST/stent: 2705 patents
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- The next killer product is the patent itself
- PLECs – Patent licensing and enforcement companies
- The Cost of Getting a Patent?
- “ It takes three years, and $10,000 to $20,000 if you do it right”
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- patent troll (PAT.unt trohl) n. A company that purchases a patent, often
from a bankrupt firm, and then sues another company by claiming that one
of its products infringes the purchased patent..
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—adj.
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- Thanks to Bill Brazil of the Wyeth patent department for sharing slides
regarding Provisional Applications and 35 USC.
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