FAQs about Inventions & Patents
Question: Is there any danger that the USPTO will give others information contained in my application while it is pending?
Answer - Most patent applications filed on or after November 29, 2000, will be published 18 months after the filing date of the application.
Question: Will I receive a tax statement for royalty payments?
Answer - If you receive royalty payments of $10.00 or more in the calendar year, your will receive Form 1099-MISC Miscellaneous Income. Payments for less than $10.00 are taxable, but Form 1099-MISC will not be issued.
Question: If I invent something during my grant, who owns the invention?
Answer - If research findings result in inventions, grantees have the right to retain title to these inventions, as long as they abide by the provisions of the Bayh-Dole Act of 1980, as implemented in 37 CFR 401, for their utilization, commercialization, and public availability.
Contact us for legal assistance with any invention idea or issues related to inventions such as:
Promotion Firms,
Inventor Rights,
Employee Invention Reports,
and any other IP related technology legal help.
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