Inventors and Patents From the City of Joliet
In Joliet, the longest period between filing a patent application and its approval was 1,425 days. The application by Bart J. Mariani for a portable variable volume paint spray enclosure was filed on July 13, 2018 and was approved on June 7, 2022. While patents are important to protect an invention, they are not a guarantee of success, said Dennis Crouch, co-director of the Center for Intellectual Property and Entrepreneurship.
PTMT counts inventors by regional component area
Joliet is located 40 miles southwest of downtown Chicago and is situated on both sides of the Des Plaines River, a major waterway in Northern Illinois. During the 19th century, Joliet was an important port on the Illinois and Michigan Canal. It was also home to the Chicago & Rock Island Railroad and the Atchison, Topeka, and Santa Fe Railway. In the late nineteenth century, Joliet was served by the Elgin, Joliet, and Eastern Railway, as well as the Milwaukee Road. Around the turn of the century, the city was also served by the U.S. Highways, including the Grand Army of the Republic Highway.
Inventors can be negotiated
There are a variety of ways that inventors and business people can benefit from licensing their inventions. In many cases, the inventor will receive a royalty share of the sales of the products made from the patent. This can range from one percent to thirty percent, with most deals hovering around five percent. However, the amount of royalty share that the inventor receives will depend on a variety of factors.
Proper intellectual property management requires collaboration, consent, and consultation. These processes promote checks and balances and prevent bad judgment from being exercised by parties involved in negotiations. For example, a faculty member who understands a technology or science concept may overstate its commercial value, or a university technology transfer officer who does not have sufficient expertise in the field of innovation may misjudge its distribution strategy.
Faculty members can also fulfill their shared governance role by collaborating with administrators to develop university-wide protocols for managing faculty inventions. These protocols should protect faculty interests and contribute to economic development, public health, and the common good. Faculty senates should consider adopting principles 11-21 of the AAUP.
Inventors can be transferred
If you are an inventor in Joliet, you can transfer the patent and the inventor’s rights to another person or entity. You can do this by forming a legal entity, such as a corporation or LLC. A legal entity is useful because it can own a patent, make decisions regarding it, and handle situations in which the inventor no longer wishes to be associated with the invention. Forming a legal entity may also be attractive to prospective licensees and business partners. In addition to giving you legal protection, a legal entity also lends clarity to the commercialization process.
Often, an individual may have several people collaborate on an invention. These people will be listed as co-inventors on the patent application. This is called co-invention. This article will explain what happens when there is a disagreement between the co-inventors of a patent.
It is important to understand that there are several ways to transfer inventors and patents from the City of Joilet to other locations. First, you need to find the city of residence of the inventor. This information includes his or her street address. Next, you need to make sure that the zip code matches with the city and state name you have.