Quote:
Originally Posted by JFP in PA
Even if you sold a pending patent, you would still be listed as the inventor, the purchaser would be the assignee.
And as much as you would like to besmirch Jake and Charles, they are listed as the inventors on all of the IMS Solution patents, which as stated earlier are "clean", meaning no assignments, which legally means they did not purchase the rights from someone else. From the US governments site on patent rights:
"“Assignment,” in general, is the act of transferring to another the ownership of one’s property, i.e., the interest and rights to the property. In 37 CFR 3.1, assignment of patent rights is defined as “a transfer by a party of all or part of its right, title and interest in a patent [or] patent application....” An assignment of a patent, or patent application, is the transfer to another of a party’s entire ownership interest or a percentage of that party’s ownership interest in the patent or application. In order for an assignment to take place, the transfer to another must include the entirety of the bundle of rights that is associated with the ownership interest, i.e., all of the bundle of rights that are inherent in the right, title and interest in the patent or patent application."
Have a good evening.
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I don't know the guys so I have no reason to "besmirch" them. At first, I found it more than comical that they claim it's the "permanent solution" but they only guarantee it for 5 years. Then I scratched the surface a bit and found this guy who was developing a prototype for a bushing (very similar to the "solution") to replace the bearing, and documenting his progress in a thread. He was even planning to market it for $200. So for him to turn a profit, I assume it would cost less than $100 to make.
Later, he suddenly wrote that he could not talk about it because he sold his patent, and that same month, Jake and Charles applied for their patent. Perhaps there's another way to sell a pending application without "assigning" it, so the buyers can have a "clean" patent? I don't know, I'm not a patent attorney and I believe neither are you, but feel free to correct me.
Today I learned that Jake and Charles weren't even the ones who figured out how to R & R the IMSB, which some on here, including you, give them credit for.
From the beginning, all I said was if you're going to charge $1850.00 for your 'permanent solution', put your money where your mouth is and give it a 'permanent' warranty.
I'm not besmirching them. I'm posting info as I find it. I am, however, besmirching that weak warranty. And BTW, I said the same about the EPS roller bearing warranty. They also claim theirs a "permanent" solution. But you choose to bend over backwards to defend LN. That's your prerogative and you have your reasons.
