Minnesota Pending Patent Assignment Agreement

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                             This is an agreement which effectively assigns a patent holder's rights in a pending patent
                             to another party. A pending patent is where an inventor has filed a patent application, but
                             the patent has not yet been granted. The agreement sets forth the specific terms and
                             conditions of the assignment including the identities of the assignor and assignee, a
                             description of the patent application and payment details. It is necessary to memorialize
                             this transaction in written form and to record it with the United States Patent and Trademark
                             Office in order to prevent any future litigation or disagreements. This document should be
                             used by an individual or company located in Minnesota that wishes to assign or acquire
                             rights in an invention where the patent is still pending.
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                      PENDING PATENT ASSIGMENT AGREEMENT


THIS PENDING PATENT ASSIGMENT AGREEMENT (hereinafter referred to as
“Agreement”) made on this _____ [Month] ____ [Date], 20___, by and between
______________________ [Instruction: Insert the name of patent holder] ,located at
___________________________________________ [Instruction: Insert the address of patent
holder] (hereinafter referred to as “Assignor”), and ___________________ [Instruction: Insert
the name of an individual or entity desiring to obtain the patent license] , a company
organized     and     existing    under     the    laws     of    the     Minnesota,   located    at
___________________________ [Instruction: Insert the address of                   entity/individual]
(hereinafter referred to as " Assignee"). Assignor and Assignee may be referred to individually
as “Party” and collectively as “Parties” to this Agreement.


NOW, THEREFORE, in consideration of the payments set out in this Agreement Assignor has
authorized the Assignee to use the patent on the terms and conditions contained herein
(“Assignment”).

1. Definition:


   Pending Patent: Pending Patent means that inventor has either filed a Provisional
   application or a complete application for a patent which is not yet granted.


2. Patent Description:
   On _____ [Month] ____ [Date], 20___, Assignor filed for a Provisional Patent application
   with USPTO
   Patent Title                                : _____________________________
   Patent Application Serial Number            : _____________________________
   and the inventions set forth and described in that Application (“Invention”), and described as
   follows:




© Copyright 2011 Docstoc Inc. registered document proprietary, copy not                  2
   [Instruction: Insert the Description of Invention]
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
____________________________________________________________


3. Assignment:
   Pursuant to and for the consideration set out in Clause below, the Assignor hereby ves
				
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Description: This is an agreement which effectively assigns a patent holder's rights in a pending patent to another party. A pending patent is where an inventor has filed a patent application, but the patent has not yet been granted. The agreement sets forth the specific terms and conditions of the assignment including the identities of the assignor and assignee, a description of the patent application and payment details. It is necessary to memorialize this transaction in written form and to record it with the United States Patent and Trademark Office in order to prevent any future litigation or disagreements. This document should be used by an individual or company located in Minnesota that wishes to assign or acquire rights in an invention where the patent is still pending.
This document is also part of a package Essential Minnesota Legal Documents 144 Documents Included