A legal document transferring ownership of a patent from one party to another
A Patent Assignment is a legal document that transfers ownership of a patent from one party to another. It is typically used when the owner of a patent wishes to sell or transfer their rights to another individual or company. The document will include details about the patent being transferred, including the patent number and any relevant patent applications. It will also outline the terms of the transfer, including any limitations or restrictions on the new owner’s use of the patent. The Patent Assignment must be signed by both the seller and the buyer and should be recorded with the United States Patent and Trademark Office to ensure that the transfer of ownership is complete and legally binding.