This patent application assignment is between
The Assignor has invented certain new and useful inventions (the "Inventions") and has applied for patents on the Inventions, which are listed on Exhibit A (collectively, the "Applications").
The Assignor wishes to transfer to the Assignee, and the Assignee wishes to purchase and receive from the Assignor, all of its interest in the Inventions and Applications.
The parties therefore agree as follows:
1. ASSIGNMENT OF APPLICATIONS.
Effective as of the Effective Date, the Assignor assigns to the Assignee, and the Assignee assumes from the Assignor, all of the Assignor's interest in the following in the following in the United States and its territories and throughout the world:
2. CONSIDERATION.
The Assignee shall pay the Assignor a flat fee of
3. AUTHORIZATION TO DIRECTOR.
The Assignor hereby authorizes the director of the United States Patent & Trademark Office to issue all patents and registrations that may be granted on the Inventions to the Assignee, as the assignee of the entire interest in those, for the Assignee's sole use to the full end of the term for which those patents may be granted, as fully and entirely as they would have been held by the Assignor had this assignment and sale not been made.
4. NO EARLY ASSIGNMENT.
The Assignee may not assign or otherwise encumber its rights in the Inventions, Applications, or associated registrations until it has paid to the Assignor the full consideration provided for in this assignment. Any assignment or encumbrance contrary to this provision shall be void.
5. ASSIGNOR'S REPRESENTATIONS.
The Assignor hereby represents to the Assignee that it:
The Assignor shall immediately notify the Assignee in writing if any facts or circumstances arise that would make any of the representations in this assignment inaccurate.
6. DOCUMENTATION.
The Assignor will, as soon as is reasonably possible following a request from the Assignee, provide the Assignee with a complete copy of all documentation (in any format) relating to the Inventions and Applications for the Assignee's own use, to meet record-keeping requirements of the Assignee, or to allow the Assignee to assert its rights granted pursuant to this assignment. The Assignor will also, on request and without further consideration:
7. NO FURTHER USE OF INVENTIONS.
After the Effective Date, the Assignor shall make no further use of the Inventions or any equivalent, except as authorized by the prior written consent of the Assignee, and the Assignor shall not challenge the Assignee's use or ownership, or the validity, of the Inventions.
8. INDEMNIFICATION.
9. GOVERNING LAW.
10. AMENDMENTS.
No amendment to this assignment will be effective unless it is in writing and signed by a party or its authorized representative.
11. ASSIGNMENT AND DELEGATION.
12. COUNTERPARTS; ELECTRONIC SIGNATURES.
13. SEVERABILITY.
If any one or more of the provisions contained in this assignment is, for any reason, held to be invalid, illegal, or unenforceable in any respect, that invalidity, illegality, or unenforceability will not affect any other provisions of this assignment, but this assignment will be construed as if those invalid, illegal, or unenforceable provisions had never been contained in it, unless the deletion of those provisions would result in such a material change so as to cause completion of the transactions contemplated by this assignment to be unreasonable.
14. NOTICES.
15. WAIVER.
No waiver of a breach, failure of any condition, or any right or remedy contained in or granted by the provisions of this assignment will be effective unless it is in writing and signed by the party waiving the breach, failure, right, or remedy. No waiver of any breach, failure, right, or remedy will be deemed a waiver of any other breach, failure, right, or remedy, whether or not similar, and no waiver will constitute a continuing waiver, unless the writing so specifies.
16. ENTIRE AGREEMENT.
This assignment constitutes the final agreement of the parties. It is the complete and exclusive expression of the parties' agreement about the subject matter of this assignment. All prior and contemporaneous communications, negotiations, and agreements between the parties relating to the subject matter of this assignment are expressly merged into and superseded by this assignment. The provisions of this assignment may not be explained, supplemented, or qualified by evidence of trade usage or a prior course of dealings. Neither party was induced to enter this assignment by, and neither party is relying on, any statement, representation, warranty, or agreement of the other party except those set forth expressly in this assignment. Except as set forth expressly in this assignment, there are no conditions precedent to this assignment's effectiveness.
17. HEADINGS.
The descriptive headings of the sections and subsections of this assignment are for convenience only, and do not affect this assignment's construction or interpretation.
18. EFFECTIVENESS.
This assignment will become effective when all parties have signed it. The date this assignment is signed by the last party to sign it (as indicated by the date associated with that party's signature) will be deemed the date of this assignment.
19. NECESSARY ACTS; FURTHER ASSURANCES.
Each party shall use all reasonable efforts to take, or cause to be taken, all actions necessary or desirable to consummate and make effective the transactions this assignment contemplates or to evidence or carry out the intent and purposes of this assignment.
[SIGNATURE PAGE FOLLOWS]
Each party is signing this agreement on the date stated opposite that party's signature.
Date: _________________ |
__________________________________________ |
Name: |
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Date: _________________ |
__________________________________________ |
Name: |
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EXHIBIT A
LIST OF APPLICATIONS
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INVENTION NAME | INVENTOR'S NAME | DATE(S) OF EXECUTION OF DECLARATION | REGISTRATION OR APPLICATION NUMBER | REGISTRATION OR FILING DATE |
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FORM OF RECORDABLE PATENT APPLICATION ASSIGNMENT
For good and valuable consideration, the receipt of which is hereby acknowledged, between
Each party is signing this agreement on the date stated opposite that party's signature.
Date: ________________________ |
__________________________________________ |
Name: |
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NOTARIZATION: | |
Date: ________________________ | |
Name: |
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NOTARIZATION: |
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ATTACHMENT A
ASSIGNED PATENT APPLICATIONS
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INVENTION NAME | INVENTOR'S NAME | DATE(S) OF EXECUTION OF DECLARATION | REGISTRATION OR APPLICATION NUMBER | REGISTRATION OR FILING DATE |
How-to guides, articles, and any other content appearing on this page are for informational purposes only, do not constitute legal advice, and are no substitute for the advice of an attorney.
When a company buys patent applications, it should ensure the party selling them owns them. A patent application assignment transfers patent ownership and rights while still pending. This agreement helps the buyer and seller by providing a record of ownership and transfer.
Here's the information you'll need to have handy to complete your patent application assignment: