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    Assignment of Patent

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    This document summarizes an agreement between an assignor and assignee to assign ownership of a patent from the assignor to the assignee. The assignor invented a patent in the area of optical imaging and agrees to assign all rights and interests in the patent to the assignee. In exchange, the assignee will pay the assignor $25,000 for ownership of the patent. Both parties agree to execute any additional documents needed to legally transfer ownership of the patent.

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    Attribution Non-Commercial (BY-NC)
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    Assignment of Patent

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    Legal Forms
    516 views3 pages
    This document summarizes an agreement between an assignor and assignee to assign ownership of a patent from the assignor to the assignee. The assignor invented a patent in the area of optical imaging and agrees to assign all rights and interests in the patent to the assignee. In exchange, the assignee will pay the assignor $25,000 for ownership of the patent. Both parties agree to execute any additional documents needed to legally transfer ownership of the patent.

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    This document summarizes an agreement between an assignor and assignee to assign ownership of a patent from the assignor to the assignee. The assignor invented a patent in the area of optical imaging and agrees to assign all rights and interests in the patent to the assignee. In exchange, the assignee will pay the assignor $25,000 for ownership of the patent. Both parties agree to execute any additional documents needed to legally transfer ownership of the patent.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    516 views3 pages

    Assignment of Patent

    Uploaded by

    Legal Forms
    This document summarizes an agreement between an assignor and assignee to assign ownership of a patent from the assignor to the assignee. The assignor invented a patent in the area of optical imaging and agrees to assign all rights and interests in the patent to the assignee. In exchange, the assignee will pay the assignor $25,000 for ownership of the patent. Both parties agree to execute any additional documents needed to legally transfer ownership of the patent.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 3

    Assignment of Patent

    THIS AGREEMENT made as of [Date of Agreement (ie. July 1, 2002)] between [Name of
    Assignor] (the "Assignor") of [Address of Assignor] and [Name of Assignee] (the "Assignee")
    of [Address of Assignee].

    WHEREAS:

    (A) Assignor is the inventor of the patent in the area of [Brief Description of General Area of
    Patent (ie. optical imaging)] which Patent is more particularly described in Schedule “A”
    hereto (the "Patent"); and

    (B) Assignor has agreed to assign to Assignee his entire interest in the Patent;

    NOW THEREFORE IN CONSIDERATION OF the premises and other good and valuable
    consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby
    agrees as follows:

    1. The Assignor hereby assigns to the Assignee or its nominee all of his or her right, title
    and interest in and to the Patent and all rights, privileges, royalties and other interests
    therein.

    2. As consideration for the assignment of the Patent to the Assignee, the Assignee will pay
    to the Assignor the sum of [Payment Consideration for Assignment (ie. $25,000)], which
    shall be paid by cash or bank draft concurrently with the execution of this Agreement.

    3. The Assignor agrees to do, execute and perform such other acts, documents and things as
    the Assignee may reasonably request in order to give full force and effect to the true
    meaning and intent of this Assignment, including but not limited to executing such
    documents as may be necessary or desirable to register, record, perfect or file the
    assignment of the Patent with public offices and governmental authorities.

    4. This Assignment shall be governed by and construed in accordance with the laws of the
    State of [State (ie. California)].

    5. This Assignment constitutes the entire agreement between the Assignor and the Assignee
    relating to the subject matter hereof and stands in the place of any previous agreement,
    whether oral or in writing. No amendment to this Assignment shall be binding upon the
    parties unless it is in writing and executed by both parties.
    -2-

    6. This Assignment will enure to the benefit of and be binding upon the heirs, executors,
    successor and assigns of the Assignee.

    IN WITNESS WHEREOF the parties have executed this Agreement as of the date first above
    written.

    Witness [NAME OF ASSIGNOR]

    Witness [NAME OF ASSIGNEE]


    Schedule “A”
    Description of Patent

    [Detailed Description of Patent]

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