Elite Pharmaceuticals Inc (ELTP): If the creator of a patent is no longer...

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Re: dr_lowenstein post# 83168

Tuesday, 01/07/2014 1:08:25 PM

Tuesday, January 07, 2014 1:08:25 PM

If the creator of a patent is no longer with a company, and that company retains the patent rights, can that company use the patent? Example, Thomas Edison holds the patent for the lightbulb, but he is no longer around, how can Sylvania, Philips, and GE continue to make and sell lightbulbs?

Similarly, Elite holds the patents for their ART, clearly they intend to use them, how did they get the rights? And secondly, can you tell us what sufficient grounds for termination Elite had and notified the patent holder of, before his resignation?

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