Thursday, December 15, 2005

IP Audit Trail - In Relation to Patent Rights

Under the patent laws, the ability to establish and corroborate “conception of the invention” and an “actual reduction to practice of the invention” can be critical in a dispute with other companies or inventors claiming to be the first to invent and therefore entitled to the patent.

Documents, working prototypes, computer programs (for software inventions), and other materials deposited with EscrowTech can corroborate our client’s claims of first inventor ship. These Deposit Materials can show conception of the invention or can be in the form of an actual reduction to practice, e.g., a working sample of the invention.

Without adequate corroboration, patent rights can be lost to another person or company who may be a competitor or who may license the patent rights to a competitor!

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