If a company owns a patent then what happens to the patent if the company goes bankrupt?

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A patent is treated as an item of property just like any other. So when a company goes bankrupt, it is up to the receivers/liquidators to sell off all assets, like buildings, cars, patents; belonging to the bankrupt company. If the patent is not sold in this way then it defaults to the state (in the UK at least). In most countries annual renewal fees are payable for patents (although they are less frequent in the US) so it's important to maintain these otherwise the patent will expire and be of no value.
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What if your insurance company goes bankrupt?

The "bankruptcy" of an insurance company is referred to as "insolvency". It is roughly defined as the financial inability to pay claims as they accrue. As a condition of becoming authorized (licensed) to transact insurance business in the company's state of domicile, it is required to pay a porti ( Full Answer )

If a patent is assigned to a company and then that company goes out of business and their LLC license expires what happens to the patent?

Defunct company with property is still a "company" . A company lives through its owners, directors and officers until it is properly terminated.\n. \nAs long as there is still company property, the company is still "in business," for the purpose of paying taxes and other debts, and disposing of ( Full Answer )

How do you patent?

First you must light the candle created from the wax of a demon. Then you recite the ancient summoning call. It can't be written down so I'll write it backwards, "Obba dooba woooba scooba flooba ooz" You will then be confronted by the legendary patent king who will grant you three patents but you mu ( Full Answer )

Can you obtain an invention patent for the light cellular concrete Isn't it a common material now How can a company obtain the patent and then sue every other producer in the countrty it happens in Ro?

Answer . I don't know what light celluar concrete is, but I do know that you cannot patent something that's already public. A patent for intellectual property is good for 20 years. Once the 20 years is up it's public knowledge.. Answer . OOPS...I think I meant "utility " patent.

What happens to stock when a company goes bankrupt?

A number of things can happen: If the company closes, the stock would normally just become worthless and that's it. Useless paper. The stockholders can take the loss as a deduction (within certain limits). If the BK is more of a reorganization...and some debtors agree...they may actually take the ex ( Full Answer )

Which companies would own the patent rights for marijuana production-distribution if marijuana were ever to be legalized?

NEW ANSWER BY ANASTASIARAE'S SOURCE: Marlboro owns the patent to distribute the leagalized sale of marijuana ciggerettes, like a ciggerette pack but full of little "joints." That's one of them.. However, if someone invented or improved upon marijuana or its administration, or improved upon a proces ( Full Answer )

What does it mean when a company goes bankrupt?

When a company goes bankrupt this means that it has more expensesthan profits that they are taking in. It also means that they cango in front of a court to determine if they can receive forgivenessfor some of the debts that they owe to their creditors.

What if your business insurance company goes bankrupt?

In all probability you will have lost any upfront premiums and any pending claims won't be paid. You try contacting the receivers if you have a pending claim. If you are lucky a company might buy the failed company in which case your insurance agreement should be continued.

Who owns intellectual property when a company goes bankrupt?

In the case of a company bankruptcy, the judge will either order the intellectual property sold like any other tangible asset or will assign it to one of the debtor parties. The recent closing of Circuit City offers a case-in-point. Although the online shop and all the brick and mortar stores were ( Full Answer )

What happens to shareholders money if a company goes bankrupt?

It all depends on the proceedings in the bankruptcy court, the amount of assets to be re-organized or liquidated, what kind of bankruptcy, and the kind of stock you are talking about.. No one can effectively answer this question without more specifics from you.

Do employees get paid when a company goes bankrupt?

Employees may get paid depending on what type of bankruptcy thecompany is filing. Sometimes they file for reorganization andemployees will get paid. Sometimes the company closes and no onegets paid.

What would happen if a mutual fund company goes bankrupt?

Let's use an example to illustrate. I own a certain Putnam Growth Fund. That growth fund is set up legally as it's own independent company separate from Putnam Holdings in order to protect it. That growth fund, as it's own company, gives parts of it's profits to Putnam Holdings for advertising, nami ( Full Answer )

What happens to policyholder if Life insurance company goes bankrupt?

If a life insurance company goes bankrupt or becomes insolvent, thelife insurance policyholder may be protected by the life insuranceguaranty fund in their state, if the life insurance company was alicensed insurer in the state. Guaranty funds usually provide from$100,000 to $500,000 of protection p ( Full Answer )

What happens if a company you have a loan with goes bankrupt?

To you, just about nothing. Your loan, as an asset of the company, will be taken over (or sold by the trustee) to a creditor or another to provide the funds to pay the Cos debts. (The loan probably already has been sold many times, you don't know it). Loans are financial instruments and bought and s ( Full Answer )

Which industries and companies hold the most patents?

well there are a lot who hold them but i think that they would car manufacturers like ford and GMC. Food distributors might too.. well there are a lot who hold them but i think that they would car manufacturers like ford and GMC. Food distributors might too.

When a company goes bankrupt do they have to pay you your last pay check?

Well, in reality yes, although perhaps not on time.. Payroll is held in very high regard and the Court and generally even the creditors do everything possible to make sure all employees are paid for their work as quickly and easily as possible. Normally, there is no delay...and the larger the compa ( Full Answer )

What happens to an employee if a company goes bankrupt?

There is no hard and fast rule and what happens to a company, and/or its' employees runs the entire spectrum of possibilities. from nothing to losing employment, to losing benefits, to getting better ones of all, to working for a division that closes, or is sold, but maybe sold to someone who wants ( Full Answer )

Why are companies bankrupt?

Because they can no longer pay their creditors...AKA company is not worth the money they borrowed.

What happens to the stock when the company goes into bankrupt court?

In virtually all cases the stock is made worthless. It may exxentially be taken and used as payment to those creditors that the company can't pay...basically saying that for the debt they had, they bought the company....maybe with their resources (read - money), they can refloat the company and even ( Full Answer )

What happens to put options when a company goes bankrupt?

What happens is the put writer gets hosed. If a company goes into Chapter 7 bankruptcy, all its stock becomes worthless. Unfortunately for the people who wrote put options on the company's stock, those do NOT become worthless. If the put buyer decides to exercise the option - and he will - the writ ( Full Answer )

What happens to stocks of bankrupt companies?

They go down. Dummy.. ans . Generally, almost always, common stock is worth nothing, in exchange for the Co it represents equity in not paying all it's obligations to crediors. You have negative value...you (the owmer of a company) owe more than you are worth.

How do you get paid from a company that goes bankrupt?

All of your efforts to collect MUST stop by law. (That is the first and most basic protection the debtor gets by filing BK...protection from creditors). You should file a "proof of claim" form with the BK court, (you'll likely receive correspondence on how to do so), and become part of the process. ( Full Answer )

When is a company bankrupt?

Different countries and jurisdictions have different legal definitions of bankruptcy for a corporation, but most countries employ one or a combination of the following: . Cash flow bankruptcy , where a corporation is unable to pay its debts as they fall due. . Balance sheet bankruptc y , where ( Full Answer )

In 1879 the eagle pencil company patented what?

A leadholder-type pencil that the company called the "Stop Gauge" Pencil. There were 2 patents in 1879: number 213,569, issued on March 25, and number 215,521, issued on May 20. Both were issued to Joseph Hoffman.

I had a patent approved while working for my former company. Can I use the patent after I leave the company?

It depends on the employment contract you may have had with your previous employer. Some stipulate that anything you invent or develop while in their employment become their property. On the other hand - if your invention had nothing to do with your employment, and it was something you developed awa ( Full Answer )

What happens to variable annuities when the insurance company goes bankrupt?

Generally, when an insurance company goes bankrupt, the guarantees that are being offered on the contract are gone. For instance, if you have a death benefit, or a income guarantee, those will usually be lost. As for the money you've invested in the variable annuity, if your money is invested in the ( Full Answer )

What happens to your warranty when a company goes bankrupt?

If the Bankrupt company is just the retailer then the warranty is still covered by the manufacturer. If the manufacturer goes bankrupt then the retailer covers the warranty. The seller is responsible for a warranty. Clearly if the seller is the manufacturer and they go bankrupt then it's most unlike ( Full Answer )

What is the value of a colt patent U.S.M.R A company 45 revolver?

To give you an answer with any meaning, we need model, finish and condition. You question right now is sort of like "I have a Ford V-8 truck- what is it worth?" Good questions= good answers- please repost with some information, and we'll do our best.

What happens if a company goes bankrupt?

If the business is not a separate legal entity like a corporation, it is treated as an asset of the person filing bankruptcy and will probably end. If the business is a separate legal entity, it may file for chapter 7, in which case it likely will be liquidated and should be formally terminated in ( Full Answer )

Who is the best company to look into for patent licensing help?

The best company for patent licensing help is one that has extensive experience in patent licensing. The best would also have experience in the specific product. ICAP Patent Brokerage is a very popular company that provides this service.

What companies offer patent translation services?

Several companies offer patent translations services but may differentiate themselves according to industry classification. Well regarded companies include Morningside Translations, Wolfestone and EPO who all work with Fortune 500 companies.

In 2013 which company licensed the Palm smartphone patents?

In March 2013 Apple paid 10 million dollar to license the Palm smartphone patents. The license is currently hold by Access Co. and includes technology developed by Bell Communications Resaerch and Geoworks.

What company holds the primary MEMS patents?

French-Italian company STMicroelectronics, makers of electronics and semiconductors, currently holds the primary MEMS patents. Additionally the company which is headquartered in Geneva, Switzerland, was honored in 2013 with Company, Executive and Device of the year.