Most inventors file a patent application in order to protect the rights in their invention. Having a patent also prohibits others from producing or profiting from the invention. This Patent Assignment Agreement will effectively assign an inventor’s rights in and to a patent to another party. This agreement sets out the specific terms of the assignment including the identities of the assignor and assignee, description of the invention, relevant patent information and the amount paid for the patent. It is essential that this transaction be memorialized in writing and recorded with the United States Patent and Trademark Office. In the event of disagreements or litigation, a well-written Patent Assignment Agreement will prove invaluable.

This Patent Assignment Agreement contains the following provisions:

• Parties: Sets out the identities and business addresses of the assignor and assignee;
• Patent: A brief description of the invention and the patent number;
• Assignment: Assignor assigns all rights, title and interest in the patent to the assignee;
• Payment: The amount paid by assignee for the patent and how payment will be made;
• Assignor’s Representations and Warranties: Assignor sets out that it has the legal right to assign the patent;
• Signatures: Both parties must sign the agreement in the presence of a notary public.

Protect your Rights and Property by using our attorney prepared up-to-date forms.

This attorney-prepared packet contains:

1. Instructions and Checklist
2. General Information
3. Step-by-Step Instructions
4. Patent Assignment Agreement

State Law Compliance: This form complies with the laws of all states