North Dakota Assignment of Pending Design Patent Application by Sole Inventor is a legal document that allows a sole inventor in North Dakota to transfer their ownership rights, interest, and title over a pending design patent application to another party. This assignment ensures that the new owner becomes the rightful proprietor of the patent application and gains all the associated rights and benefits. A design patent application is a type of application filed with the United States Patent and Trademark Office (USPTO) to protect a unique, ornamental design of an article of manufacture. It grants the inventor exclusive rights to prevent others from making, using, selling, or importing a product with a similar design. In North Dakota, there are several types of assignment agreements related to pending design patent applications by sole inventors that can be executed: 1. Absolute Assignment: This type of assignment is a complete transfer of ownership where the sole inventor completely relinquishes their rights, titles, and interests in the pending design patent application to the assignee. The assignee becomes the new owner of the patent application. 2. Partial Assignment: In this type of assignment, the sole inventor transfers only a portion of their ownership rights, interests, or title to the assignee. The assignee becomes a co-owner of the pending design patent application and shares certain rights with the sole inventor. 3. Security Interest Assignment: Sometimes, the sole inventor may grant a security interest in the pending design patent application to secure a debt or obligation. The assignee holds the security interest and may take possession of the patent application if the sole inventor defaults on their obligations. The North Dakota Assignment of Pending Design Patent Application by Sole Inventor includes essential details such as the names and addresses of both the sole inventor (assignor) and the party receiving the ownership rights (assignee). It mentions the date of the assignment, a description of the pending design patent application being transferred, and any specific terms and conditions agreed upon by both parties. It is important to consult an attorney or a legal professional specializing in intellectual property law while drafting or executing a North Dakota Assignment of Pending Design Patent Application by Sole Inventor. This ensures that all necessary legal requirements are met, and the rights and interests of both parties are properly protected.