Geobio Energy (fka GBOE)

[Chance To See]

poorme, a little research would have helped.

Your statement: ”Not exactly; I checked the patents office data and the patent is held by three people Gary being one of them. The patents are assigned to Honeywell but I do not know if that is exclusive.”

Those three men do not "hold" the patent. They are the inventors. The owner is the assignee, Honeywell.

We know Gary has expertise. The existence of the patents, owned by another company, apparently exclusively licensed to a third company, means that someone MIGHT be able to contest GBOE’s right to use the technology they are planning to use.

But patents tend to be very specific and it is often possible to get around them. So possibly Gary developed a similar but different method at EnviroPlastics which GBOE is planning to use, a somewhat altered method that is not covered by these patents.

I, for one, would like to be clear about it and not rely on assumptions.

As I said previously, if I find out anything I will post it.

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http://www.freepatentsonline.com/help/item/Assignee.html

Assignee: The person or entity to whom the inventor assigns the patent rights. If a patent document shows no assignee, this means the ownership of the patent was retained by the inventor.

http://www.cosmeticsandtoiletries.com/research/patents/11623111.html

US law, unlike foreign law, requires a patent application to be in the name of the inventor. A company cannot be the inventive entity.

The assignee is the entity that has the property right to the patent. Patents are property. The inventor and the assignee may be one in the same but an employee will more than likely assign a patent to a company.