I noticed that the winner will be assigning her patent to Mom Invented® What does that mean?
That means that in return for the winning contract, Mom Invented® will become the owner with all rights to the patent. Mom Invented®. will be responsible for all future marketing, sales, product development and distribution of the invention and pay royalties to the inventor as outlined in the rules. This is an important consideration for inventors wishing to submit inventions for which they have already secured or filed for a patent. This promotion has been structured in a way so that a patent is not a requirement but the invention is assigned to Mom Inventors, Inc. whether there is a patent on file or not. Mom Inventors, Inc. will be responsible for filing and paying for any future legal documents such as patents, trademarks and copyrights.
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