Patent assignment agreement

About this document

This document template helps regulate the arrangement reached between the owner(s) of a patent assigning the same in favour of someone for a consideration in terms of money.

Our document is a simple, brief and comprehensive solution that addresses all the eventualities in this highly sensitive matter of great legal significance.

The document as drawn is generic, without specific reference to any industry segment or field of business; thus useful for general application in the context;

Who will use this document?

• Any person, business or organisation - owner of a patent assigning the patent in favour of another for a consideration;
• Any person, business or organisation – seeking assignment of a patent from the owner.

Application and features

• User friendly language without use of much complex legal vocabulary;
• Simple, polite, brief and courteous;
• Suitable for simple and complicated situations.

Contents

• Consideration, amount and payment;
• Very specific identification of the patent;
• Dispute resolution;
• Succession and assignment;
• Jurisdiction;
• Representations and warranties;
• Appropriate legal provisions - warranties, exclusions, indemnities, etc.