Asset ownership, transfer

To the general rule regarding ownership of inventions, there are two important qualifications. First, if the inventor creates his invention under circumstances such that another supplies material, money, or other aid, that person, party, or company may become entitled to a personal shop right to use the invention free of liability to the inventor. This shop right is not assignable as such to others, nor can it be licensed, but it can be transferred in a sale of the whole assets and business of the holder. Second, if the inventor makes the invention under circumstances such that he has sold his services in inventing to another party or person, that person or party may become the owner of the full title to invention. 

Nevertheless, the two men eventually worked out the terms of the transfer. CPD would continue to sell most of its existing product line, including radium processed through the Port Hope refinery and filling operation. A highet powet would decide exactly what assets should go to AECL and how Eldorado should be compensated. How to deal with radium rentals proved the thorniest issue. It made sense for CPD to take over the rental business, but paying olF Eldorado for loss of this regular source of revenue would take millions of dollars that Howe was not prepared to hand over in a lump sum. Eventually it was decided that Eldorado would retain ownership of and the rental revenue from radium it had produced before the transfer. ... 

Finally, on Friday, March 4,1988, John McDermid, Minister of State for Privatization and Regulatory Affairs, formally announced the governments intention to transfer ownership of RCC to the private sector. AECL President James Donnelly met with RCC s employees to break the news to them the same day. In preparation for privatization the government incorporated RCC as a wholly owned subsidiary of AECL on July 1, 1988. It then transferred ownership from AECL to the Canada Development Investment Corporation (CDIC), a holding company it had created to manage assets in preparation for their privatization. When the transfer took effect on September 30, 1988, the reincarnated company also assumed a new name, Nordion International Inc. (the Nordion name will be used hereafter). 

---