Legal Question in Business Law in District of Columbia
patent law
if a patent has been issued to a corporation or
company and they have folded, what happens to the
pate
Asked on 7/23/00, 10:34 am
1 Answer from Attorneys
Daniel Press
Chung & Press, P.C.
Re: patent law
Assuming the patent is still valid and all fees have been paid, the question is not one of patent law but of corporate law. The answer is that the patent, like all other corporate assets, passes to the directors (generally - depends on the state of incorporation) as trustees for the creditors and then the shareholders of the corporation.
Answered on 9/12/00, 5:30 pm
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