FAQs about Inventions & Patents
Question: Are taxes withheld from the royalty payments?
Answer - Normally, no.
Question: What do the terms “patent pending” and “patent applied for” mean?
Answer - They are used by a manufacturer or seller of an article to inform the public that an application for patent on that article is on file in the United States Patent and Trademark Office. The law imposes a fine on those who use these terms falsely to deceive the public.
Question: What is a license?
Answer - A license is a legal agreement, subject to Federal, state, and local regulatory authorities, by which a patent owner promises not to take action to exclude the licensed party from making, using, or selling a potential invention.
Contact us for legal assistance with any invention idea or issues related to inventions such as:
Inventor Rights,
Licensing,
Assistance,
and any other IP related technology legal help.
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