I’m confused as to who actually owns the patents. The title says “Ford stole tech [...] from MIT, professors say”, but the lawsuit is “Ethanol Boosting Systems LLC v. Ford Motor Co.”.
I’m not certain how IP rights works at MIT, but if the patents are owned by MIT, wouldn’t MIT be the party that needs to sue? If so, why is it instead “Ethanol Boosting Systems”? Does MIT feel that MIT IP was stolen?
>The professors transferred ownership of their creations to MIT, one of the premier U.S. research universities, which then granted exclusive patent-licensing rights to a small company the three men founded, Ethanol Boosting Systems LLC. EBS offered to license patents on the enhancements to Ford in 2014, but the company declined.
If EBS doesn't get paid, then MIT doesn't get paid.
University research divisions are usually spun out as commercial entities around a technology that was developed. Ethanol Boosting Systems LLC is owned by MIT.
I’m not certain how IP rights works at MIT, but if the patents are owned by MIT, wouldn’t MIT be the party that needs to sue? If so, why is it instead “Ethanol Boosting Systems”? Does MIT feel that MIT IP was stolen?