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New Hampshire Patent Assignment Agreement

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New Hampshire Patent Assignment Agreement Powered By Docstoc
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                             This is an agreement which effectively assigns a patent holder's rights in and to a patent to
                             another party. The agreement sets forth the specific terms and conditions of the
                             assignment including the identities of the assignor and assignee, a patent description 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 New Hampshire that assigns or acquires patent rights in an invention.
             ®




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                           PATENT ASSIGNMENT AGREEMENT

THIS PATENT ASSIGNMENT AGREEMENT made on this ____ [Month] ____ [Date],
20____ by and between ______________________ [Instruction: Insert the name of patent
holder], residing at ___________________________________________ [Instruction: Insert
the address of patent holder] (hereinafter referred to as the “Assignor”), and
___________________ [Instruction: Insert the name of an individual or entity desiring to
obtain the patent rights], having an address at ___________________________ [Instruction:
Insert the address of assignee entity/individual] (hereinafter referred to as the “Assignee”).
Assignor on the one hand and Assignee on the other hand, are each sometimes referred to herein
as “Party” and collectively as the “Parties” to this Agreement.

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

1. Definition

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

2. Patent Description

   By application dated ____ [Month] ____ [Date], 20____, the Assignor applied for and
   subsequently received from the United States Patent & Trademark Office a Patent dated
   ____ [Month] ____ [Date], 20____ bearing Patent Number _____________ [Instruction:
   Insert the patent application number], a copy of which is attached to this Assignment as
   Exhibit A, reduced to practice on ____ [Month] ____ [Date], 20____.

3. Assignment

   Pursuant to and for the consideration set out in Clause 4 below, the Assignor hereby vests,
   transfers and assigns to the Assignee, absolutely with full title guarantee, all its right, title,
   interest, claim and demand in and to the Patent.

4. Payment

   In consideration for the assignment of the Patents, Inventions and Improvements hereunder,
   Assignor shall receive the following compensation:

   A flat fee of ________ ($___) [Instruction: Insert the amount, e.g., twenty thousand
   dollars ($20,000) [Instruction: Insert the amount] as full payment for all rights granted.
   Payment shall be made upon execution of this Agreement.




© Copyright 2011 Docstoc Inc. registered document proprietary, copy not                     2
5. Improvements [OPTIONAL]

   a) If the Assignor makes, devises or discovers, or otherwise acquires rights in, any
      Improvement, it shall promptly notify the Assignee in writing, giving details of the
      Improvement.

   b) Unless prohibited by law, the Assignor shall immediately assign, vest and transfer to the
      Assignee, for no additional consideration, all such Improvements and the Inventions
      related thereto which shall be then regarded as part of the Patents, and the provision of
      the Agree
				
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Description: This is an agreement which effectively assigns a patent holder's rights in and to a patent to another party. The agreement sets forth the specific terms and conditions of the assignment including the identities of the assignor and assignee, a patent description 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 New Hampshire that assigns or acquires patent rights in an invention.
This document is also part of a package Essential New Hampshire Legal Documents 144 Documents Included