Nebraska § 62-302 Note for patent right; requirements; rights of subsequent parties

Nebraska Statutes

§ 62-302 — Note for patent right; requirements; rights of subsequent parties

Nebraska § 62-302

Ch. 62Negotiable Instruments

This text of Nebraska § 62-302 (Note for patent right; requirements; rights of subsequent parties) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 62-302 (2026).

Text

A promissory note or other negotiable instrument, the consideration for which consists, in whole or in part, of the right to make, use or vend a patented invention, or an invention claimed to be patented, shall have written or printed prominently and legibly across the face thereof, and above the signature thereto, the words given for a patent right. Such instrument in the hands of any purchaser or holder shall be subject to the same defenses as it would be in the hands of the original owner or holder, and any person who purchases or becomes the holder of a promissory note or other negotiable instrument, knowing it to have been given for the consideration aforesaid, shall hold the same subject to such defenses, although the words given for a patent right are not written or printed upon its

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A promissory note or other negotiable instrument, the consideration for which consists, in whole or in part, of the right to make, use or vend a patented invention, or an invention claimed to be patented, shall have written or printed prominently and legibly across the face thereof, and above the signature thereto, the words given for a patent right. Such instrument in the hands of any purchaser or holder shall be subject to the same defenses as it would be in the hands of the original owner or holder, and any person who purchases or becomes the holder of a promissory note or other negotiable instrument, knowing it to have been given for the consideration aforesaid, shall hold the same subject to such defenses, although the words given for a patent right are not written or printed upon its face.

Legislative History

Source: Laws 1905, c. 83, art. 19, § 196, p. 434; R.S.1913, § 5513; C.S.1922, § 4806; C.S.1929, § 62-1707; R.S.1943, § 62-302. Annotations: Where note given for patent right is not so endorsed, it is a defense between the original parties, or against one who is not a bona fide holder. Benton v. Sikyta, 84 Neb. 808, 122 N.W. 61 (1909).