Joe Swartz, an employee of Acme Company, worked for months during ...

[ghost!]

Joe Swartz, an employee of Acme Company, worked for months during company time and used Acme's equipment to develop an idea that he had been nurturing. Finally, the idea came to fruition. Swartz's employer laid claim to the invention on the grounds that the firm's equipment had been utilized on company time. Swartz had obtained a patent on the invention and claimed that his employer had no rights to the invention at all. Who is right? How could an employer guard against such arguments in the future?

Question 2

The sale of limited partnership interests is not considered the sale of securities.
  Indicate whether the statement is true or false

[thall411]

Answer to Question 1

The inventions of an employee, even when on company time and utilizing company equipment, still belong to the employee. An employer should provide in the employment contract that the employer will own any invention or discovery made by the employee during or after work hours, or for a reasonable period of time after leaving the employment relationship.

Answer to Question 2

FALSE

[ghost!]

TYSM

[hramirez205]

YES! Correct, THANKS for helping me on my review