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Employee Patent Compensations?
Anonymous Coward asks: "My employer has recently filed a patent application for something I invented. As compensation I am being given the statutory $1 for the assignment and a shiny brass plaque if the patent(s) is awarded. Is this typical for North American companies? I did sign a no compensation and automatic assignment type employment contract and while I was willing to accept that technically, I'm owed nothing, this strikes me as cheap, greedy, and backward thinking on my employers part. I've Google'd and read and this action seems archaic, am I wrong and just full of myself? Your thoughts please!"
My thoughts are that the Anonymous Coward link shouldn't have an email address if Bill Keegan wants to remain anonymous!
I think the usual practice in america is more like a couple thousand dollars and a shiny brass plaque.
I wouldn't lose sleep over the bonus. Instead, remember to mention your patent at your next performance review. Even if you don't get a bonus from it directly it may be a useful bargaining chip for future compensation.
you luck bastard. all i got was a pile of stock options.
"My employer has recently filed a patent application for something I invented."
And yet you still left out something very important - you invented it on company time (or even used a little bit of company time) and you've been on the payroll since before concieved of the invention, and , in fact, you were employed in order to benefit the company - including anything you invent while working for the company.
You have been paid for, are being paid for, and will likely continue to be paid for the invention - it's called a salary or paycheck.
I'm sorry if you didn't understand the terms of your employment.
Besides, you can get the answer to your question from Google, which will show you that it's a fairly commonly asked question
As far as what is typical in the industry - typically the inventor gets nothing but name recognition. If the invention makes the company a million, they tend to treat you better, but it still shows as zip on your paycheck (except your raises may be slightly higher than usual for awhile)
You might be able to work something out if you are a contractor and can show that you developed the invention for general use in your contracting business, and not for this specific client, but then you get to be the cost bearer of obtaining the patent, and likely (as with the vast majority of inventions) you will never recoup those costs.
It's better to put the invention down on your resume, and work it from the angle of, "I can do good things for your company" rather than trying to say with your current employer, "Hey, where's my piece of the pie?". Likely your piece of the pie will be somewhere outside the office very shortly thereafter.
-Adam