Re: Defintion of Patent Assignment, Assignor, Assignee
in response to
by
posted on
Jul 22, 2017 06:11PM
According to this, EDIG (as assignee) would be the owner of these patents:
For patents, an assignment involves the sale and transfer of ownership of a patent by the assignor to the assignee.
The assignee is the entity that is the recipient of a transfer of a patent application, patent, trademark application or trademark registration from its owner on record (assignor).
The assignor is the owner on record of a patent application, patent, trademark application or trademark registration who is transferring assigning ownership to another entity (assignee).
If EDIG were to amend its filing to include the patents as assets, the patents would be liquidated (sold) at market value, providing most likely a substantial pool of assets to pay off liabilities while leaving a large sum to distribute to shareholders, including presumably Mr. Falk and Mr. Nunally. This would also avoid the messy issue of re-assigning the assets to Mr. Nunally on the eve of the bankruptcy. A win-win situation.
Ture, Nunally created the patents, but it is EDIG that has been validating them through an expensive and time-consuming process in the the USPTO, and then pursuing infringements and settlements in the courts, again expensive and time-consuming.