Hawaii Contract for Assignment of Patent Rights

State:
Multi-State
Control #:
US-0556BG
Format:
Word; 
Rich Text
Instant download

Description

Patents and patent applications are assignable by the owner or in the owner's name by anyone acting under legal authority. In the case of patent applications, where the conveyance precedes the granting of the patent, the patent may be issued to the assignee if the patent assignment has first been entered of record in the Patent and Trademark Office. The assignment of patent rights is a contract and is, accordingly, construed so as to carry out the intentions of the parties to the assignment.

How to fill out Contract For Assignment Of Patent Rights?

Are you currently in a situation where you require documents for either business or personal purposes nearly every day? There are numerous legal document templates available online, but finding reliable versions is challenging.

US Legal Forms offers thousands of template designs, such as the Hawaii Contract for Assignment of Patent Rights, which are drafted to comply with federal and state regulations.

If you are already familiar with the US Legal Forms website and have an account, just Log In. After that, you can download the Hawaii Contract for Assignment of Patent Rights template.

  1. Identify the form you need and ensure it is suitable for your specific area/county.
  2. Use the Review button to check the form.
  3. Read the information to confirm that you have selected the correct form.
  4. If the form is not what you are looking for, use the Search section to find the form that meets your needs and criteria.
  5. Once you find the appropriate form, click Get now.
  6. Choose the pricing plan you prefer, complete the required information to create your account, and pay for the transaction using your PayPal or credit card.
  7. Select a convenient file format and download your copy.

Form popularity

FAQ

Patent assignment transfers your ownership rights in your patent from yourself to your company. This means that once you assign the patent, you transfer all ownership and control of that patent and its intellectual property rights as the patent inventor to another entity/company, known as an assignee.

Steps to File a Patent AssignmentFill Out a Recordation Form Cover Sheet. The Recordation Form Cover Sheet is an official USPTO document.Complete a Patent Assignment Agreement.Sign the Patent Assignment Agreement.Submit the Patent Assignment.

Clearly identify all parties: Include the names, addresses, and relationship of the assignor(s) and assignee. Clearly identify the patent being assigned: State the patent or patent application number, title, inventors, and filing date. Be signed by the assignors.

Assigning your patent rights to your company helps to build the asset valuation of your company, which will be important to any investors or lenders you may seek. Investors and lenders will often require you to assign patent rights to your company before they will complete a transaction with your company.

Basically speaking, a patent assignment is a legal way for an inventor to transfer ownership of a patent to a business. As you may recall, in the United States, only a person (or group of people) can be listed as the inventor of a patent; a business cannot be listed as the inventor.

A patent assignment is an agreement where one entity (the assignor) transfers all or part of their right, title and interest in a patent or application to another entity (the assignee).

All parties must sign the agreement, with limited exceptions in situations where the assignor cannot be reached but where enough evidence exists that documents their intentions and rights. File the patent assignment with the USPTO within three months after the agreement is signed, paying the then-current fee.

For a patent assignment agreement to be valid in the U.S., it must be notarizedor at least signed in front of two witnesses.

The USPTO does not require patent assignments to be notarized. The patent office only requires that the assignment be executed and signed by both the assignor and the assignee. Once an agreement is executed and signed by the parties, the assignment must be recorded with the patent office.

A patent or patent application is assignable by an instrument in writing, and the assignment of the patent, or patent application, transfers to the assignee(s) an alienable (transferable) ownership interest in the patent or application.

Trusted and secure by over 3 million people of the world’s leading companies

Hawaii Contract for Assignment of Patent Rights