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Back to Forms for 'Patents'.


ASSIGNMENT

ASSIGNMENT

CONTRACT OF PATENT RIGHTS

 

 

This agreement was entered on ________________________________ (Date) between ________________________________________________________ (Name), the inventor, and _________________________________________________ (Name), the assignee.

 

SECTION ONE:  ASSIGNMENT OF PATENT RIGHTS

 

In return for consideration in the amount of $ ___________ to be paid by the assignee, the inventor hereby agrees to assign to the assignee the following patent applications or patent numbers along with all the powers and privileges relating thereto.:  (Give the application numbers, title of the inventions, filing dates for any applications, or the patent numbers, title of the invention and issue dates of any patents here)

______________________________________________________________________

______________________________________________________________________

 

SECTION TWO:  EXECUTION OF EFFECTUAL TRANSFER

 

At the assignees request, the inventor will execute an effective transfer of the above patent rights to the assignee after the assignee has paid the agreed consideration set out above.

 

SECTION THREE:  EFFECTIVE DATE OF ASSIGNMENT

 

This assignment will take effect on ________________________ (Date).  At that time, the assignee must pay the purchase price to the inventor upon receiving an instrument effectively transferring the specific patent rights to the assignee.  This instrument of transfer is to be prepared by the inventor at his/her own expense. 

 

SECTION FOUR:  LIQUIDATED DAMAGES

 

Since monetary damages for the breach of this agreement would be difficult to compute, the parties hereby agree that, in the event of a default, the defaulting party must pay to the other party the sum of $ _______________ as liquidated damages.

 

This agreement was executed at __________________________________ (Location) on _______________________ (Date). 

 

 

 

___________________________________                       ___________________

Signature of Inventor                                                  Date

 

 

___________________________________                       ___________________

Signature of Assignee                                                             Date

 

 



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