Puerto Rico Assignment of Rights Under Patent Application and Patents That May Be Issued A Puerto Rico Assignment of Rights Under Patent Application and Patents That May Be Issued is a legal procedure that involves the transfer of ownership or rights related to a patent application or granted patent within the jurisdiction of Puerto Rico. This assignment can occur before or after the patent is issued by the Puerto Rico Intellectual Property Office (PR-IPO). During the patent application process, an inventor or assignee holds the right to assign or transfer their patent rights to another individual or entity. This allows the assignee to gain rights over the invention, including the ability to exclude others from making, using, selling, or importing the patented invention in Puerto Rico. There are different types of Puerto Rico Assignment of Rights Under Patent Application and Patents That May Be Issued, including: 1. Assignment of Rights Under Patent Application: This type of assignment occurs before the patent is granted by the PR-IPO. It involves transferring ownership or rights from the inventor or assignee to another party. The assignee becomes the rightful owner and can pursue patent protection for the invention. 2. Assignment of Rights for Granted Patents: This type of assignment occurs after the patent is issued by the PR-IPO. The patent holder assigns their rights to another party, allowing the assignee to enjoy the exclusive rights granted by the patent. This may involve transferring all rights or specific rights related to commercializing, licensing, or enforcing the patent in Puerto Rico. The Puerto Rico Assignment of Rights Under Patent Application and Patents That May Be Issued process often requires a written agreement specifying the terms of the assignment, including the scope of the rights transferred, any limitations or conditions, and the compensation or consideration exchanged between the parties involved. It is crucial to ensure that the assignment is properly executed and recorded with the PR-IPO to establish a legally binding transfer of rights. Obtaining legal assistance or consulting an intellectual property attorney well-versed in Puerto Rico patent law is advisable to navigate the complexities of these assignments. This ensures compliance with applicable regulations and maximizes the protection and value of the patented invention in Puerto Rico.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.