Property, intangible

a blog about ownership of intellectual property rights and its licensing

Treating Patents More Like Property

The Patently-O blog has a thoughtful post on patent ownership and licensing, advocating for a stricter recording requirement:

Because of an inadequate system for recordation, prospective purchasers, licensees, lenders, and even defendants in a lawsuit may have to take it on faith that the seller, licensor, borrower, or plaintiff truly owns, and has not previously encumbered, these patent rights.

But more than just identifying the problem, the author also has some practical suggestions for a legislative fix.

Patently-O: It’s Time for a Reliable System to Determine Who Owns a U.S. Patent

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