Patent Assignment Agreement

Many inventors file a patent application in order to protect the rights in their invention. Having a patent also prohibits others from profiting from your invention. This Patent Assignment Agreement will assign an inventor’s rights in and to a patent to another party. This agreement sets out the terms of the assignment including the amount paid for the patent. It is important that this assignment agreement be in writing and recorded with the United States Patent and Trademark Office. A written Patent Assignment Agreement will be helpful if there are misunderstandings between the parties regarding the patent assignment.

This Patent Assignment Agreement contains the following:

• Parties: Identities and business addresses of the assignor and assignee;
• Patent: Description of the invention and its patent number;
• Assignment: All rights in the patent are assigned to the assignee;
• Payment: Amount paid for the patent and manner of payment;
• Representations and Warranties: Assignor sets out that it has the legal right to assign the patent;
• Signatures: The parties must sign the assignment agreement in the presence of a notary.

Protect your rights and property by using our professionally-prepared 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

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