Free Patent Application Assignment Agreement
This Patent Application Assignment Agreement will effectively assign a patent application. This assignment sets forth the identities of the assignor and assignee, the patent application to be assigned and the rights of the assignor to the patent application. This Patent Application Assignment Agreement must be signed and dated by both assignor and assignee.
Disclaimer:This was not drafted by an attorney & should not be used as a legal document.
Patent Application Assignment Agreement
This Patent Application Assignment Agreement (herein referred to as the “Assignment”) is made and entered into this ______ day of _______________________ 20______, by and between ___________________________________________ (herein referred to as the “Assignor”), and __________________________________________________ (herein referred to as “Assignee”).
In consideration of the covenants and obligations contained herein, Assignor and Assignee represents and agrees as follows:
The Assignor hereby assigns to the Assignee the following Patent Application:
In consideration of the assignment of rights hereunder, the Assignee agrees to pay the Assignor a sum of $ . The Assignor acknowledges receipt of due and sufficient consideration in final.
The Assignor warrants and represents that the Assignor is the sole creator or the sole owner of the Patent Application, and that the Assignor has full power and authority to enter into this Agreement and that this Agreement does not infringe the rights of any third party.
The Assignor expressly agrees that from the date of this Assignment the Assignee shall own all rights in the said Patent Application. The Assignee shall have all benefit and dispose of these rights in any way and at his/her sole discretion.
This Assignment shall be governed in accordance with the laws of the State of _____________. Any dispute, controversy or legal proceeding regarding this Assignment shall be resolved and adjudicated in the Courts of the State of _________________.
The Parties agree that this Agreement shall be binding upon the legal successors and assigns. This agreement is final.
The Assignor agrees to execute all documents necessary to effect the Assignment, as and where necessary to comply with applicable local laws.
Assignor: ______________________________ Date: __________________
Assignee: _____________________________ Date: __________________