Patent assignment is a legal process that allows the transfer of ownership or rights of a patent from one entity or person to another. This process is crucial for businesses, inventors, and organizations looking to monetize or manage their intellectual property effectively.
Benefits of patent assignment
Allows applicants or assignees to sell or license their patents for financial gain.
Helps companies expand their intellectual property portfolio.
Ensures that the transfer is legally recognized, preventing disputes.
Provides a proof of real owners and impart clear title which is essential for attracting future partners.
