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For new clients, a legal assistant or other staff member in our firm will intake your case information. If additional information is required to determine if we can assist you with your case, we may offer a free consultation by an attorney to gather more information. A free consultation typically does not include legal advice, is offered only in our sole and absolute discretion, and does not mean that you have retained our firm as legal counsel. Only a written document provided to you by our firm describing our representation and executed by a managing attorney at our firm will establish an agreement by our firm to provide you legal services.

Patent Assignment, Patent Licensing, and Patent Royalty Agreements Throughout Virginia & D.C.

The exclusive rights of a Patent owner may be permanently transferred through an assignment agreement. Alternatively, these rights may be partially or temporarily transferred through a licensing agreement.

Patent Assignments must be recorded in the United States Patent and Trademark Office. As specified on the USPTO website, if an assignment, grant, or conveyance of a patent or an interest in a patent (or an application for patent) is not recorded in the Office within 3 months from its date, it is void against a subsequent purchaser for a valuable consideration without notice, unless it is recorded prior to the subsequent purchase. Consequently, it is best practice to file an assignment or otherwise disposition of a Patent within the first 30 days after such disposition in order allow for adequate time to amend within the 90 day allotment. Charges are typically around $25 and may be filed electronically through the Electronic Patent Assignment System.

It is extremely important to consult an attorney regarding the formation and content of either of these agreements in order to understand your rights and to help insure you are receiving adequate compensation for your Patent in the form of a lump sum and/or royalty payment structure.

Contact the Intellectual Property Attorneys at McClanahan Powers to see if you qualify for a free initial consultation

To receive world-class service for your legal matter, call an intellectual property lawyer at McClanahan Powers at 703-520-1326. Or, to send an e-mail, please complete and submit the online form on this website. Flexible appointment times and payment options are available.