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Back to Forms for 'Patents'.


PENDING APPLICATION

PENDING APPLICATION

BY JOINT INVENTORS

 

 

This assignment was made on _________________________ (Date), by joint inventors _________________________________ and _________________________________

(Names and Addresses of Joint Inventors) (hereinafter referred to as inventors) to _________________________________________________________ (Name and Address of Corporation), a corporation organized under the laws of the State of _______________________________________ (hereinafter referred to as assignee). 

 

RECITALS

 

Inventors have invented certain new improvements relating to ____________________ (Subject Matter of Invention), which is described in the attached application for a letters patent.  Assignee desires to acquire the entire right, title, and interest in this application, in the invention and any improvements thereon, and in any letters patent that may be granted thereon.  Therefore, in consideration of the foregoing recitals and the promises and obligations that follow, the parties agree as follows:

 

SECTION ONE:  ASSIGNMENT

 

For consideration in the amount of $1.00 plus other valuable consideration, inventors assign to assignee the entire right, title, and interest in the application, invention, and any improvements thereon, and in any letters patent that may be granted thereon. 

 

SECTION TWO:  COOPERATION

 

Investors must cooperate with the assignee so that assignee may fully enjoy the rights assigned herein.  This duty includes the duty to promptly execute any necessary papers and to cooperate in any proceedings relating to the patent application, in priority contests, interferences and the like.

 

SECTION THREE:  PARTIES BOUND

 

The assignee and its successors, assigns or other legal representatives will have the benefit of the terms, covenants and provisions of this assignment while the inventors and their heirs, legal representatives or assigns will be bound by these terms, covenants, and provisions. 

 

SECTION FOUR:  INVENTORS WARRANTY

 

Inventors warrant that they have not entered into any assignment, contract, or understanding which would conflict with this assignment.

 

This assignment was executed on ______________________ (Date) at _________________________________________________________ (Location).

 

 

___________________________________                       ___________________

Signature of First Joint Inventor                                              Date

 

 

___________________________________                       ___________________

Signature of Second Joint Inventor                                         Date

 

 

___________________________________                       ___________________

Signature of Assignee                                                 Date



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