Legal Question in Intellectual Property in Massachusetts

Re: Reverse a Patent Assignment

Whether the contract to assign the patent may be cancelled depends upon whether there has been a breach of the terms. Before I can be more specifc, I would need to review the letter of agreement and discuss with you what efforts were taken with respect to it; we would also have to investigate licensing opportunities.

If you wish to set a time to speak with me, please contact 978.250.4255 x13.

Re: Reverse a Patent Assignment

The steps that you should consider will be very dependant upon the language of your agreement and the actions performed by, or not performed by both you and GPCI. What happened compared to what should have happened as described by the words of the agreement?

You will also want to review the agreement to see if there are any provisions addressing anything you do to "prevent the sale."

To be fair to you, a lot more facts should be considered before a good recommendation can be made. There appears to be enough money at issue to justify you having a more detailed discussion with an Intellectual Property attorney.

Re: Reverse a Patent Assignment

You should definitely contact a patent attorney to discuss this matter. Your rights will depend entirely upon the wording of the assignment.

I presume that you did not consult an attorney when you assigned the patent to GPCI. If you were seeking a licensees for your patent, there are much better ways to set up the relationship than an outright assignment.