Who can use this Patent Assignment?
Anyone acquiring or disposing of a patent needs a formal agreement to record a patent assignment or sale.
What is this Assignment for?
This patent assignment is a short but necessary formal agreement for the transfer of ownership of a patent. It sets out the terms on which the patent will be sold and contains warranties by the Seller with regard to ownership etc.
What are the main issues?
The buyer needs assurances that the seller not only owns the patent but also that there are no adverse claims or third-party rights and that the patent is appropriately registered. This means the seller will give a number of warranties and assurances.
The assignment/transfer of the patent gives the buyer the right to bring proceedings against any third-party who might be infringing the patent as well as the right to use this patent for registration elsewhere.
The seller will also provide extra documentaries support if required – e.g. the reregistration.
What detailed terms does the contract contain?
- further assurance
- governing law
For more information on each of these sections, see our Explanatory Notes which you will receive when you download the document from our website.
And if you want to use the Notes, let us know by using our contact form
For information on signing documents see our Contract Signing page
When I download the document, can I change it and/or use it more than once?
Yes, all ContractStore’s templates are in MS Word and you can use the contract on more than one project. For more information, watch the video on this page of our website or see our FAQs
ContractStore supplies templates and is not a law firm. But experienced lawyers write all our templates, so we can arrange legal assistance for customers who need special terms in one of our documents or a bespoke template. . For more information see our Legal Services page. For more information see our Legal Services page.
Contract Author – Sharon Benning-Prince
And if you want to contact us see our Contacts page.
If you have any questions about a contract and/or want to see the Explanatory Notes before you buy, please let us know by using our contact form
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