Patent assignments

Patent assignments are legal agreements where the owner of a patent (the inventor or previous holder) transfers their rights to another party, such as a company or individual. This transfer can include the rights to produce, use, or sell the invention. The assignment is documented officially to ensure clear ownership and control over the patent. It’s commonly done when an inventor sells their invention to a business or when rights are transferred as part of a licensing or funding agreement. Essentially, a patent assignment changes who legally owns and controls the patent and its associated rights.