Patent Assignment Agreement

Lawyers within our network have agreed to share some of the documents they regularly use in the course of their practice along with annotations explaining different provisions and outlining decisions you might need to make. You can contact our lawyers and download a copy of this document.

This free template Patent Assignment Agreement would be used to assign some or all of the rights in an existing Patent to a third party. A Priori lawyer can help you customize it to meet your company's needs. You can learn more about the requirements to draft a legal binding Patent Assignment Agreement here, as well as when it would be more appropriate to use a Patent License Agreement.

A lawyer is available for free consultations through Priori to discuss this document and much more.

ASSIGNMENT OF PATENT RIGHTS

_______________ to _____________

THIS ASSIGNMENT, effective the __ day of ________ 20__ by and between __________________, a _____________ residing at _____________________, (hereunder referred to as Assignor), and ____________________, a _______________ having a place of business at ______________ (hereunder referred to as Assignee).

WHEREAS, Assignor is the owner of the entire right, title and interest in and to the patents and patent applications, and the inventions disclosed therein, (hereinafter referred to collectively as the Patent Rights) identified on the attached Schedule.

WHEREAS, Assignee is desirous of obtaining all right, title and interest in and to the inventions represented by the Patent Rights in the ________ ; and

WHEREAS, Assignor is agreeable to assigning the Patent Rights for the _____________ .

NOW, THEREFORE, for good and valuable consideration, the receipt of which is hereby acknowledged, the said Assignor has sold, assigned, transferred and set over, and by these presents does hereby sell, assign, transfer and set over, unto the said Assignee, its successors, legal representatives and assigns as of the effective date recited above, all right, title and interest in, to and under the Patent Rights in the _________ , including specifically the right to claim priority from said Patent Rights as fully and entirely as the same would have been held and enjoyed by Assignor if this assignment and sale had not been made, together with all claims for damages by reason of past infringement of the Patent Rights with the right to sue for and collect the same for Assignee’s own use and enjoyment, and for the use and enjoyment of its successors, assigns or other legal representatives.

Assignor hereby covenants that it has full right to convey the rights herein assigned, and that it has not executed, and will not execute, any agreements in conflict herewith.

This assignment may be executed in any number of counterparts, each of which will be deemed an original, but all of which together constitute one and the same instrument. Executed signature pages to this assignment may be delivered by facsimile, or by email in portable document format (.pdf) and delivery of the signature page by such method will have the same effect as if the original signature had been delivered by the sending party to the receiving party.

IN WITNESS WHEREOF the said Assignor and Assignee have caused their respective corporate and legal names to be hereto signed.

______ __, 20__ By:__________________________

______ __, 20__ By:__________________________

Name: _______________________
Title: ________________________
Schedule
Assignment of Patent Rights