FAQs about Inventions & Patents
Question: How can the intellectual property interests of multiple collaborators be accommodated?
Answer - There are examples of successful multi-party collaborations that accommodated the interests of various organizations, including multiple DOE laboratories.
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: 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:
Popular Inventions,
Innovations,
The Process,
and any other IP related technology legal help.
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