Shared ownership of patents |
PLEASE READ THIS BEFORE ANSWERING THE QUESTIONS:
For a jointly owned U.S. patent (note that this is about shared ownership not co-inventors), 35 U.S.C. 262 grants broad powers to each co-owner by stating that, absent an agreement to the contrary, each of the joint owners can license the patent without permission of or having to pay compensation to the other co-owners. Below we refer to this as “absence of veto power” by each co-owner.