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A corrective assignment is a way to rectify an error in a recorded document. The Assignment Division will make the changes if an acceptable corrective document is turned in. Policies related to the recording of assignment documents are designed to maintain the history of any claimed interests in property.
Most patent assignments will identify the inventors as the assignors (i.e., the ones transferring away patent rights) and a company as the assignee (i.e., the one receiving the rights). It is possible to record a subsequent assignment that transfers patent ownership from the first company to a second company.
Unfortunately, under United States patent law you can not amend the patent to include the new subject matter reflecting the improvement you made to the invention. You will have to file a new patent application for the improvement to the invention instead of filing an amendment to the patent.
Change of Owner (Assignment) and Change of Owner Name The original owner should record the assignment or name change with the USPTO's Assignment Recordation Branch by filing a Recordation Cover Sheet along with a copy of the actual assignment or proof of name change.
A patent is considered as a transferrable property that can be transferred from the original patentee to any other person by assignment or by operation of law. A patent can be licensed or assigned only by the owner of the patent.
The ?corrective document? must include the following: (A) A copy of the original assignment document with the corrections made therein. The corrections must be initialed and dated by the party conveying the interest; and. (B) A new Recordation Form Cover Sheet (form PTO-1595) (See MPEP § 302.07).
Generally speaking, patent assignments should be recorded in the USPTO's Assignment Recordation Branch (ARB). While no law requires patent assignments to be recorded, failure to record an assignment may have various adverse consequences.
There are three main ways in which a patent can be transferred from one person (the patentee) to another: by granting a license, by assignment, or by transmission. A patent license is permission granted by the patentee to another person or company to make, use, or sell the patented invention.