US Legal Forms
Contract for Assignment of Patent Rights

Patent Form Printable

Name: Contract for Assignment of Patent Rights
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.87 (450 reviews)

Category:

Contracts - Assignments

State:

Multi-State

Control #:

US-0556BG

Format:

Instant download

Description Patent Blank

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.

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Patent Form Sample FAQ

The theory behind the poor man's patent is that, by describing your invention in writing and mailing that documentation to yourself in a sealed envelope via certified mail (or other proof-of-delivery mail), the sealed envelope and its contents could be used against others to establish the date that the invention was

Is inheritance of a patent (assigned to an individual) possible? Yes. A patent is personal property, per 35 USC § 261: Subject to the provisions of this title, patents shall have the attributes of personal property.

Assignments are transfers of the entire interest in a patent from one entity to another. They are distinguished from licenses, which give another person a limited right to the patent. In the US, there is no requirement that an assignment be notarized.

RECORDING A PATENT ASSIGNMENT WITH THE USPTO So the patent owner should record the assignment through the USPTO's Assignment Recordation Branch. They can use the Electronic Patent Assignment System (EPAS) to file a Recordation Cover Sheet along with a copy of the actual patent assignment agreement.

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. 35 U.S.C. 261.

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.

The original owner should record the assignment or name change with the USPTO's Assignment Recordation Branch by filing a Recordation Cover Sheet along with a copy of the actual assignment or proof of name change.

Amendments to Names You can alter the names of the patent owners by sending a Recordation Cover Sheet to the Assignment Recordation Branch of the U.S. Patent and Trademark Office. The process is the same regardless of whether the patent is under examination or already has been granted.

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What is a poor man's patent?

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