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EXHIBIT A PATENTS AND APPLICATIONS
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FORM OF RECORDABLE PATENT APPLICATION ASSIGNMENT
For good and valuable consideration, the receipt of which is hereby acknowledged, between , an individual a(n) (the " Assignor ") and , an individual a(n) (the " Assignee ") all of the Assignor's interest in the Assigned Patents identified in Attachment A to this assignment, and the Assignee accepts this assignment.
Each party is signing this agreement on the date stated opposite that party's signature.
Date: ________________________ | __________________________________________ |
Name: | |
NOTARIZATION: | |
Date: ________________________ | __________________________________________ |
Name: | |
NOTARIZATION: |
ATTACHMENT A ASSIGNED PATENTS
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**DATE(S) OF EXECUTIONOF DECLARATION ** | ||||
Simplify the process of transferring patent rights for both buyers and sellers with a patent assignment agreement. document the ownership transfer clearly and efficiently..
Complete your document with ease
How-to guides, articles, and any other content appearing on this page are for informational purposes only, do not constitute legal advice, and are no substitute for the advice of an attorney.
A company’s ability to buy and sell property is essential for its long-term life and vitality. Although it doesn’t take up physical space, too much intellectual property can burden a company, directing limited funds towards maintaining registrations, defending against third-party claims, or creating and marketing a final product.
Selling unused or surplus intellectual property can have an immediate positive effect on a company’s finances, generating revenue and decreasing costs. When it does come time to grow a business, companies looking to purchase property (including patents and other inventions) to support their growth must be sure that the seller does have title to the desired items. A properly drafted patent assignment can help in these circumstances.
A patent assignment is the transfer of an owner’s property rights in a given patent or patents and any patent applications. These transfers may occur independently or as part of larger asset sales or purchases. Patent assignment agreements provide both records of ownership and transfer and protect the rights of all parties.
This agreement is a written acknowledgment of the rights and responsibilities being transferred as part of your sale. This will provide essential documentation of ownership and liability obligations, and you will be well on your way to establishing a clear record of title for all of your patents.
What is a patent.
A patent is a set of exclusive rights on an invention given by the government to the inventor for a limited period. Essentially, in exchange for the inventor’s agreement to make their invention public and allow others to examine and build on it, the government provides the inventor with a short-term monopoly on their creation. In other words, only they can make, use, or sell that invention.
Licenses are different from assignments. The individual who receives license rights from the patent holder isn’t gaining ownership. Rather, they’re getting assurance from the patent holder that they won’t be sued for making, using, or selling the invention. The terms of the license will vary from agreement to agreement and may address issues of royalties, production, or reversion.
A patent assignment can take many forms.
A patent transfer is usually accomplished through a contract, like the following written agreement form. However, after the parties have negotiated and signed their agreement, the transfer must be recorded with the U.S. Patent and Trademark Office (USPTO) . The agreement will only be effective if this registration is made. Moreover, if the transfer isn’t recorded within three months from the date of the assignment, there can be no later purchasers. In other words, such patents are no longer sellable to a third party by the assignee if it isn’t recorded quickly and correctly.
Note that there is a fee for recording each assignment of a patent or patent application.
Although you can adapt the document to suit your arrangement, you should always identify the patent(s) being assigned by their USPTO number and date and include the name of the inventor and the invention’s title (as stated in the patent itself). This is a requirement of federal law, and failure to follow it could invalidate your assignment.
The advantage of selling your invention or patent outright (and not simply licensing or attempting to develop and market it yourself) is that you’re guaranteed payment at the price you and the purchaser have negotiated.
On the other hand, that one-time payment is all that you will ever receive for your property. You will no longer have the right to control anyone else’s use of your creation.
By using it yourself or offering a temporary license, you retain the potential for future income. However, such income isn’t certain, and your opportunities are paralleled by risk.
Before selling all of your rights in a patent or patent application, ensure this is the best (and most lucrative) approach for you and your company.
Provide valuable consideration to due diligence, and don’t agree without completing it. If you purchase a patent, conduct searches with the patent office on the patents issued and online directories to ensure the seller has complete and unique rights in the offered property. Look for these:
Although your findings won’t be guaranteed, you may be protected as an “innocent purchaser” if disputes arise.
You might also find critical information about the value of the patent. Consider hiring a patent attorney to help in your investigation. Comparing patents and applications often requires a specialized and technical understanding to know how useful and unique each one is.
If you sell an invention or patent, ensure you own it. Although this may seem obvious, intellectual property ownership sometimes must be clarified. This may be the case if, for example, the invention was created as part of your employment or if it was sold or otherwise transferred to somebody else. A thorough search of the USPTO website for the publication number should be conducted before you attempt to sell your property.
Review the assignment carefully to ensure all relevant deal points are included. Don't assume certain terms are agreed upon if not stated in the document.
Once the document is ready, sign two copies of the assignment, one for you and one for the other party.
Get the assignment notarized by the notary public to reduce the challenges to the validity of a party’s signature or the transfer itself.
If you’re dealing with a complex agreement for a patent assignment , contact an attorney to help draft an assignment that meets your needs.
The following provisions will help you understand the terms of your assignment. Please review the entire document before starting your step-by-step process.
This section identifies the document as a patent assignment. Add the assignment effective date, parties involved, and what type of organization(s) they are. The “assignor” is the party giving their ownership interest, and the “assignee” is the party receiving it.
The “whereas” clauses, or recitals, define the world of the assignment and offer key background information about the parties. In this agreement, the recitals include a simple statement of the intent to transfer rights in the patent. Remember that the assignor can transfer all or part of its interest in the patents.
This section constitutes the assignment and acceptance of patents and inventions. Be as complete and clear as possible in your description of the property being transferred.
In most agreements, each party is expected to do something. This obligation may be to perform a service, transfer ownership of property, or pay money. In this case, the assignee gives money (sometimes called “consideration”) to receive the assignor’s property. Enter the amount to be paid, and indicate how long the assignee has to make that payment after the agreement is signed.
This section is the assignor’s authorization to issue patents in the assignee’s name. In other words, this tells the head of the patent and trademark office that the transfer is valid and that ownership is changing hands by the assignment.
If the assignment is being recorded after the USPTO has issued a patent number, add the patent application number here.
In this section, the assignor is agreeing to the following terms:
If you and the other party want to include additional representations and warranties, you can do so here.
In this section, the assignee is agreeing to the following terms:
This section prevents the assignee from re-transferring the inventions or patents or using any of them as collateral for loans until it has completely paid the money due under the agreement.
This clause is the assignor’s promise to help with any paperwork needed to complete an assignment, such as filing information about the assignment with the USPTO, transferring document titles, transferring paperwork for filing to foreign countries, etc.
This section indicates that after the agreement’s filing date, the assignor will stop using all the inventions and patents being transferred and won’t challenge the assignee’s use of those inventions or patents.
This clause describes each party’s future obligations if the patent or any application is found to infringe on a third party’s rights. Either the assignor agrees to take all responsibility for infringement, promising to pay all expenses and costs relating to the claim, or the assignor makes its responsibilities conditional, significantly limiting its obligations if a claim is brought.
This section states that the parties’ rights and obligations will be passed on to successor organizations (if any) or organizations to which rights and obligations have been permissibly assigned.
This clause explains that even if one party allows the other to ignore or break an obligation under the agreement, it doesn’t mean that the party waives any future rights to require the other to fulfill those (or any other) obligations.
Provide the assignor and assignee’s address where all the official or legal correspondence should be delivered.
This provision lets the parties choose the state laws used to interpret the document.
This section explains that if the parties sign the agreement in different locations, physically or electronically, all the separate pieces will be considered part of the same agreement.
This clause protects the terms of the agreement as a whole, even if one part is later invalidated. For example, if a state law is passed prohibiting choice-of-law clauses, it won’t undo the entire agreement. Instead, only the section dealing with the choice of law would be invalidated, leaving the remainder of the assignment enforceable.
This section indicates the parties’ agreement that the document they’re signing is “the agreement” about transferring the issued patent.
This clarifies that the headings at the beginning of each section are meant to organize the document and shouldn’t be considered operational parts of the note .
What is a patent assignment .
If you want to buy patents, the first step is to ensure the seller (original owner) owns the patent rights. The second step is the transfer of the patent owner's rights to the buyer. Patent assignments are agreements that cover both steps, helping the buyer and the seller with ownership records and quickly enabling transfer.
Here's the information you'll require to complete a patent assignment:
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An assignment form is a legal document that aids in formally transferring ownership rights and benefits of a specified property from one party to another. But there are limits to what a person can assign or transfer to another. A person may not transfer a burden, duty, or detriment without a consenting agreement from the other party as it is not allowed by the law.
Moreover, the right or benefit can be a form of a gift, or it can be a paid contractual consideration such as money. And the right or benefit may also be vested or contingent, depending on the person/s who wanted the transferral. The persons involved need to discuss the process thoroughly to avoid any confusion. But you may ask, who are the persons involved then?
As they said, two heads are always better than one. The statement can highly apply to property assigning since it does not happen with only one person on board. Just like an agreement, an assignment of property needs two or three people to discuss and converse what will happen to the property and what are the conditions for it. But before anything else, who are these people involved with the property assigning?
There are three people involved during the assignment—the assignor, the assignee, and the third party. The assignor is the person in the original contract who is transferring their rights and benefits to a new owner. An assignee is a person receiving the rights and benefits from the previous owner or the assignor. And lastly, the third party is the individual or corporation that entered into the original contract with the assignor. Still, the third party may not always be applicable or present in an assignment.
During the assignment, the assignor should not solely decide about the rights involved because the assignee or the third party may not agree to it. Although the assignor has more decision-making rights for the assignment, he or she should still consult with the other parties involved. It might be a great idea to ask for their insight and permission to avoid violating any property policies.
When assigning rights, the assignor needs to have an assignment form on hand. The document serves to legalize the transfer of ownership in the eyes of the public and the local government. But what does the paper need to have inside? Here are the following elements and information that must be present in the document for it to become valid proof of the transfer process.
We often hear the casual interchanging of the terms assignment and inheritance , as if these are identical. The two words somewhat have similar definitions, but upon closer inspection, you see the elements that separate them apart. For one, in an assignment, the assignor delegates who he deems as worthy to receive his properties. The assignor can freely select anyone, even those outside of his kin. In contrast, an inheritance gets defined as when a deceased person’s assets get instantly passed on only to their family or loved ones. No other person outside of this setup might be able to receive the inheritance unless it was specified beforehand.
Assigning of properties is no children’s game. You need to make the right decisions, read up a few property laws, and the like. The transferral of the rights process might be a bit extensive, but making the assignment form does not need to be. We’ve outlined an easy four-step guide that will assure you of a smooth and convenient way of creating the document.
A conversation is the first step in the process. Call up the assignee and the third party and schedule a meeting with them so you can ask for their information, such as their names, contact information, and many more. You need to know who you are transferring your ownership rights to so you can place it in the document for legal matters.
Once the assignee and the third party gave their personal and contact information to you, the next thing to do is to start discussing legal matters. Talk to them about the terms and conditions of the assignment and the property. And then list down the things that all three of you agree to.
The aim of this how-to guide is convenience. So instead of making an assignment form from scratch, better download a template from the Internet. Premade templates are quite convenient since you need only to select one that you like and open it. The sections and contents are customizable and compatible with any type of software.
Once you have the information and the template on hand, start filling out the model. Make sure that all the data are in the right data fields, and check for any grammatical or contextual errors from time to time. Afterward, have it signed by you, the assignee, and the third party.
Most assignment cases present only physical properties like homes and vehicles. But these are cases where transactions such as loans are subject and amenable to an assignment. The assignor may assign rights to the loan, but this would then require a third party borrower to make repayments to the assignee. For example, a mortgage loan note issued by a third party borrower.
Assigning happens because the assignor wants to transfer his right to ownership of property. And thus, the assignor relinquishes any connections or benefits from the property. And once that happens, the assignor may no longer be held liable for whatever happens to the property.
Once the assignment form gets signed, and once the assigning occurs, the assignor cannot revoke it and take back his property anymore. Once the assignor gives up his rights, it can never be regained again, unless the assignee assigns it back to the original owner. However, donation assignments can be revoked.
Life is a journey of gain and loss. With that, people bring objects with them as they move in life. However, time will come when people will have to give up their rights to some properties. They might not have the financial capability to manage or keep it anymore. And so, opting to transfer the item with the aid of legal assignment forms might just be the better solution rather than discarding it. After all, the objects or properties helped the previous owner at some point in their lives. And through the assignment, the property might become useful again to the new owner.
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earance:9. If yes, what lev. ent:As the Applicant, you are acknowledging that you are requested to:Complete the DHS JDP training course. ).Complete the DHS JDP Three-Phase Assignment Progress Plan to include:Pha. 1: Establish assignment objectives within the first 30 days of the JDA.Phase 2: Complete a self-assessment of the duties performed ...
Prepare your application package. The application package should include: DHS Application Form 250-02. Résumé. SF-50. Submit a complete application package for every assignment you apply to in USAJOBS. Please contact [email protected] with any questions.
Easily distribute, analyze, and grade student work with Assignments for your LMS. Assignments is an application for your learning management system (LMS). It helps educators save time grading and guides students to turn in their best work with originality reports — all through the collaborative power of Google Workspace for Education.
If you have questions or need help with enrollment, please contact us at (772) 429-3930 or email [email protected]. Open Enrollment Dates. Lottery Magnet Dates. Attractor Program Dates. High School: May 1 - May 31, 2024. Enrollment for Elementary and Middle: May 1 - May 31, 2024. Applications will reopen June 10, 2024.
Assignment Center makes it easier to transfer ownership or change the name on your patent or trademark registration. See our how-to guides on using Assignment Center for patents and trademarks. If you have questions, email [email protected] or call customer service at 800-972-6382.
Index of all TEAS forms. See below for a listing of all forms within a specific category. To access a form, select the form name. To look at the forms prior to accessing the electronic version in the list below, see the form previews. Do not attempt to file the PDF version. It is for informational purposes only and not for submitting the form.
The task assignment form is a form template that is used for management to assign tasks to employees. This is commonly used by project managers to delegate tasks to team members. A task assignment form is an easy way to assign a task to someone and keep track of the progress, in one place. You can assign a task to one or more individuals ...
The Assignment Management System (AMS) is a web application that houses multiple applications in support of officer assignments, enlisted assignments, commander responsibilities, and individual Air Force members. Users have access to a portion of their own personnel data and the ability to use manning tools, volunteer for available assignments, and review career field information using AMS.
Inclusive Diversity. The Department of Homeland Security (DHS) Joint Duty Program is an intra- and inter-departmental program which offers civilian personnel professional and developmental opportunities. Joint Duty Assignments enhance operations and mission execution through unity of effort and collaboration.
An assignment of lease is a great way to help with this. When approved, the landlord agrees to let the assignor put an assignee into the property, someone who will take over the lease and finish it out. By understanding a lease assignment, you could help keep the landlord happy while being able to move on to the next chapter of your life.
Application Forms. Government OrdersEstablishment MattersRight to InformationRight to ServiceWeb LinksAct and RulesPublicationsApplication FormsTenders. Application Forms. Certificates. Land Related. Pension. Land Revenue Commissionerate, Revenue Complex, Public Office Building , .
For general assistance in completing the patent forms below or to request paper copies of the forms, contact the USPTO Contact Center Division at 1-800-786-9199 (1-800-PTO-9199) or 571-272-1000, and select option 2. To report a problem with a fillable patent form, please email [email protected].
Once you have made your selection, click the green "Create New Form" button at the bottom of the page and give the form a name. 3. Build your application form. Use the Form Editor to add, delete, and edit form field items, customize the styles or CSS, and add rules specific to your form.
OOD Communication Disability Verification Form: ood.ohio.gov : BMV 0399: Driver License/ID Cards: Request for Service by State or County Agency: PDF Word: BMV 1152: ... Ownership Assignment and Title Application for Insurance Companies : PDF Word: BMV 3770: Titles: Ownership Assignment and Title Application for Casual Sale : PDF Word: BMV 3771:
This form is available in nearly all competing NIH application form packages and allows you to provide specific application assignment and review information to referral and review staff. Applicants may suggest NIH Institute/Center/Office (ICO) assignments, particular study sections, names of people who may have a conflict with reviewing the ...
Please contact the Texas Department of Motor Vehicles at 1-888-368-4689 or 512-465-3000 for details. This form must be completed and submitted to a county tax assessor-collector's office accompanied by any required application fee, supporting documents, registration fee, if applicable, and any motor vehicle tax due.
form of recordable patent application assignment For good and valuable consideration, the receipt of which is hereby acknowledged, between , an individual a(n) (the " Assignor ") and , an individual a(n) (the " Assignee ") all of the Assignor's interest in the Assigned Patents identified in Attachment A to this assignment, and the Assignee ...
Answer "yes" to the question at the beginning of the form that asks if you need to change the owner's name or entity information. Enter the new name in the "Owner" field in the "Owner Information" section of the form. Your request to update the owner information will be reviewed by a USPTO employee and entered, if appropriate.
This application form is used to request the assignment of the Micro-Embedded Generation Facility Connection Agreement the or other type of transfer of the ownership of the Facility. Please fill out the section that corresponds with your title below. IMPORTANT: The applicant must provide all the requested information.
DHS Directive Number 250-1, Rotational Assignments, dated August 4, 2016. Purpose: JDPO will use this information to determine minimal qualifications for the position in which you are applying. DHS Form 250-02 (10/20) Page 1 of 1.
An assignment form is a legal document that aids in formally transferring ownership rights and benefits of a specified property from one party to another. But there are limits to what a person can assign or transfer to another. A person may not transfer a burden, duty, or detriment without a consenting agreement from the other party as it is ...
Patent Assignment Application Quick Tips . 20. The assignment form starts with the ' Assignment options ' page; • 'Required input boxes', are indicated with an "*". • Clicking on "save and continue" button at bottom of a page, "saves" all information.
definition. Assignment Application has the meaning set forth in Section 4 (b) above. Assignment Application means the application on FCC Form 314 that Seller and Buyer shall join in and file with the Commission requesting its consent to the assignment of the FCC Licenses (as hereinafter defined) from Seller to Buyer. Assignment Application ...