Assignment United Patent Without Consideration

State:
Multi-State
Control #:
US-01765
Format:
Word; 
Rich Text
Instant download

Description

The Assignment of Interest in United States Patent form facilitates the transfer of patent rights from one party (the Assignor) to another (the Assignee) without expectation of consideration or payment. This legal document includes essential sections for identifying the patent or patent application involved, including its number, filing date, inventor, and title of the invention. Key features include a signature area for both parties, along with provisions for notarization to ensure the legitimacy of the assignment. To fill this form, users should ensure that all required details are accurately provided, particularly the patent specifics and the effective date of assignment. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to document changes in patent ownership for legal or administrative purposes. It streamlines the legal process of patent transfer and protects both parties' interests while ensuring compliance with patent laws. Users should remain aware of the necessity for notary acknowledgment to validate the form. Overall, this form serves as a practical tool for managing patent assets in various legal contexts.
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FAQ

Hear this out loud PauseSome inventors prefer to sell their invention rather than retain the patent to it. You can assign your patent at any time, including before the patent is approved. You can even assign future patent rights to an invention that isn't yet patented.

The term "nunc pro tunc" is a Latin expression that means "now for then." A nunc pro tunc assignment is thus essentially a retroactive assignment document that is used to reduce an assignment to writing now which has happened.

Though the agreement is a legal document, it does not need to be notarized. However, obtaining notarization for the signatures provides added protection, limiting the risk of a party later claiming a signature was not valid.

IP Assignment clauses are featured in contracts when an owner's intellectual property rights are to be assigned or transferred to another entity or individual, usually in return for some type of consideration. IP Assignment clauses are a valuable contractual provision employed to enable the assignment of IP.

During examination of a pending patent application or after the patent is granted, the owner of the patent may change: 1) the original owner may transfer ownership to another entity or party, through an "assignment;" or 2) the original owner may retain ownership but change its name.

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Assignment United Patent Without Consideration