Waterville, MN asked in Intellectual Property for Minnesota

Q: I am listed as an inventor on my former employers patents. can i sell those rights to others.

My position was eliminated by new management. In 2018 the former GM asked for my assignment signature. I told him I was not comfortable doing that working for him for 36 years and He soon to retire (since deceased) that as long as I was employed I would not take issue with not assigning my rights. My primary duties were sales and manufacturing. Several competitor were interested in this product. It was introduced in 2014 Patent granted in 2019 pat #10,178,825 sales were one to two Million dollars a year up until my departure in October of 2018. The margin was approximately 55 to 60 %. I realize my old company owns the patent. However, is there a way I and a good attorney could negotiate an agreement with another company to allow them to manufacture and sell a similar product that would not violate their patent?

Related Topics:
1 Lawyer Answer

A: Check your contracts including anything you signed upon your departure.

Most of the time you grant any creation to your company.

You are the inventor. Depends on how the invention was registered you may have some rights or none.

Best luck.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.