What happens if Company A has acquired Company B, during which the patents need to be assigned from Company A to Company B. The signature for this assignment for both the companies has been done by the same person.
What are the laws governing this?
Asked
Active
Viewed 55 times
2
-
@Pushpak They are not looking to license the technology. They want to transfer ownership of the patents. – Robert Cartaino Jun 15 '15 at 13:40
-
@Avi its unclear what you are asking, company A aquired B and then A assigns patents to B? B is now currently A what is the benefit here? – Pushpak Jun 15 '15 at 14:06
2 Answers
1
The person who provided both signatures has a Conflict of Interest. I have witnessed one case where the rights to two patents were signed from a university to a company, where the inventor was a member of both organizations and would normally have signing power at the company. The way this was resolved was that the company designated a different signing authority for their side of the transaction. This was, of course, in addition to a Conflict of Interest being declared and the mutually-amenable resolution of the conflict being agreed upon in advance of the transfer.
Parker
- 1,753
- 1
- 14
- 33
-1
You can record the document listing the patents as property bought by the new company... (redact anything like a price that you wouldn't want shown)
lnwlf
- 1