Assignment of Interest in Patent

An inventor files a patent application to protect his rights in an invention. Once a patent is issued, there are instances in which the inventor wants to assign all interests in the patent. This Assignment of Patent is for use by inventor to transfer the rights in a patent to another party. This assignment sets out the specific terms of the agreement including any amount paid for ownership in the patent. A written Assignment of Patent will prove useful if there are disagreements or misunderstandings regarding the patent’s ownership.

This Assignment of Patent contains the following:

• Parties: Names and business addresses of the parties;
• Patent: Description of the invention and patent number;
• Assignment: Assignor assigns all rights and interests in the patent to assignee;
• Payment: Amount paid by assignee for ownership of the patent;
• Signatures: Both parties must sign the agreement in the presence of witnesses.

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This attorney-prepared packet contains:

1. General Instructions
2. Assignment of Patent

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

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