Patent Application Assignment Agreement

A patent is a legal device given to an inventor that prohibits others from producing or profiting from his or her invention. Savvy inventors will file a patent application with the United States Patent and Trademark Office (USPTO) in order to protect their rights in and to the invention. This Patent Application Assignment Agreement is between the inventor/owner of a patent application (the “Assignor”) and a party who desires to acquire all rights in that patent application (the “Assignee”). This assignment sets out the specific terms of the agreement including a brief description and name of the invention and the patent application number. (continued ...)