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Form #859

Assignment - Contract of Patent Rights

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Assignment - Contract of Patent Rights Free Legal Form

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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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Total Forms Contributed 51
 

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Terms Of Use

Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
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Keywords: Assignment, Patent Rights, legal forms

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