Docstoc Legal Agreements
This Partnership Agreement is a written document that explicitly details the relationship
between the business partners and their individual obligations and contributions to the
partnership. The agreement states the nature of the business, the partners' capital
contributions and the management duties and restrictions of each partner. It contains many
of the standard provisions that are commonly included in partnership agreements, and may
be customized to address the specific needs of the partners. This document should be
used when forming a partnership located in Washington.
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OTHERWISE, INCLUDING AS TO THEIR LEGAL EFFECT AND COMPLETENESS. They are for general guidance and should be modified by you or your
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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
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____.
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.
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.
5. Improvements [OPTIONAL]
© Copyright 2011 Docstoc Inc. registered document proprietary, copy not 2
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
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 Agreement shall ap