Patent Assignment
About this form
The Patent Assignment is a legally binding document used to transfer the rights, title, and interest of an inventor to another party, often a company. This form is essential for individuals or businesses who wish to formalize the assignment of their patent rights in a clear and official manner, distinguishing it from similar agreements that might not cover patents specifically.
Key components of this form
- Assignment of rights: Specifies the transfer of invention rights to the assignee.
- Detailed identification: Includes names and addresses of the assignor and assignee.
- Patent application details: Lists the specific patent application and its associated numbers.
- Authorization clauses: Grants the assignee the power to claim patent rights.
- Notarization section: Contains a space for notarization to verify the identity of the signatory.
When to use this document
This Patent Assignment form is useful when an inventor, such as an independent contractor or an employee, decides to transfer their patent rights to a company or another individual. It should be used whenever there is a need to establish clear ownership of the invention, particularly in business transactions involving joint ventures, investment, or licensing agreements.
Who should use this form
This form is suitable for:
- Inventors seeking to assign their patent rights to a company.
- Businesses acquiring patent rights from inventors.
- Independent contractors involved in software or technology development.
- Entrepreneurs participating in partnership or joint ventures involving patented inventions.
Instructions for completing this form
- Identify the parties: Fill in the names and addresses of the inventor (assignor) and the company or organization (assignee).
- Enter consideration: Specify the compensation or benefit exchanged for the patent rights.
- Provide patent details: Include the application number, date of filing, and title of the invention.
- Sign the document: Ensure that the assignor signs the document in the designated space.
- Notarization: Have the assignment notarized to validate the document.
Does this document require notarization?
This form must be notarized to be legally valid. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Incorrectly identifying the parties involved in the assignment.
- Failing to provide complete and accurate patent information.
- Omitting the signature or date from the form.
- Not obtaining notarization when required, which can affect legality.
Why use this form online
- Convenient access: Download the form anytime, anywhere.
- Editability: Easily fill in the required fields to suit your specific situation.
- Legal reassurance: Ensure the document is drafted based on standards set by licensed attorneys.
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FAQ
Recordation of the assignment provides legal notice to the public of the assignment.For a patent to issue to an assignee, the assignment must have been recorded or filed for recordation in accordance with 37 CFR 3.11. See 37 CFR 3.81(a).
The innovation is patentable subject matter. Patentable. The innovation is new (called 'novelty') The innovation is inventive. The innovation is useful (called 'utility') The innovation must not have prior use.
In 37 CFR 3.1, assignment of patent rights is defined as "a transfer by a party of all or part of its right, title and interest in a patent or patent application...." An assignment of a patent, or patent application, is the transfer to another of a party's entire ownership interest or a percentage of that party's
Title. Technical area. Background details and previous artwork. A description of the problem your invention solves. A list of included drawings. Your in-depth description of the invention. An example of invention use.
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).
A Patent Number is assigned by the USPTO. A patent number may include up to eight characters and is formatted as follows: Utility : Patent numbers consist of six, seven or eight digits.H Documents : (e.g., Hnnnnnnn , H0000001) must enter leading zeroes between "H" and number to create 7 digits.
A patent application and any resulting patent is owned by the inventor(s) of the claimed invention, unless a written assignment is made or the inventors are under an obligation to assign the invention, such as an employment contract.
Understand Your Invention. The first step in how to get a patent is to understand your invention. Research Your Invention. Choose the Type of Protection. Draft Your Patent Application. Wait for a Formal Response.
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.
