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Assignment of Rights in Invention Prior to Execution of Application
Assignment made ________________ (date of assignment) , by __________________
(name of Inventor) , of ______________________________________ (address of Inventor) ,
hereinafter called Inventor , to __________________________ (name of Assignee) , of
____________________________________________________________________________
(address of Assignee) , hereinafter called Assignee .
Whereas, Inventor has invented certain new and useful improvements in (subject of
Invention) , hereinafter called Invention , identified and described in the attached Exhibit A
attached hereto and made a part hereof; and
Whereas, Assignee desires to acquire all right, title, and interest in the Invention and in
letters patent of the United States and foreign countries that may be granted on the Invention .
1. Assignment
In consideration of $_____________ and other consideration, receipt of which
Is acknowledged by Inventor , Inventor assigns to Assignee the entire right, title, and interest in
the Invention , and to all rights of priority to the same pursuant to the International Convention for
the Protection of Industrial Property; and in any patents on the Invention.
2. Cooperation
Inventor agrees to cooperate with Assignee such that Assignee may enjoy to the fullest
extent the rights conveyed under this agreement. Included within the scope of this duty is
cooperation in such proceedings involving the United States and foreign applications and
patents as opposition, cancellation proceedings, priority contests, interferences, public use
proceedings, court actions, etc.
3. Parties
The terms and provisions of this Assignment shall inure to the benefit of Assignee ,
Assignee 's successors, assigns, and other legal representatives, and shall be binding on
Inventor , his heirs, legal representatives, and assigns.
4. Inventor’s Warranty
Inventor warrants and represents that he has not entered into any assignment, contract,
or understanding in conflict with the terms and provisions of this Agreement in their entirety.
5. Severability
The invalidity of any portion of this Agreement will not and shall not be deemed to affect
the validity of any other provision. If any provision of this Agreement is held to be invalid, the
parties agree that the remaining provisions shall be deemed to be in full force and effect as if
they had been executed by both parties subsequent to the expungement of the invalid provision.
6. No Waiver
The failure of either party to this Agreement to insist upon the performance of any of the
terms and conditions of this Agreement, or the waiver of any breach of any of the terms and
conditions of this Agreement, shall not be construed as subsequently waiving any such terms
and conditions, but the same shall continue and remain in full force and effect as if no such
forbearance or waiver had occurred.
7. Governing Law
This Agreement shall be governed by, construed, and enforced in accordance with the
laws of the State of ________________.
8. Notices
Any notice provided for or concerning this Agreement shall be in writing and shall be
deemed sufficiently given when sent by certified or registered mail if sent to the respective
address of each party as set forth at the beginning of this Agreement.
9 . Mandatory Arbitration
Any dispute under this Agreement shall be required to be resolved by binding arbitration
of the parties hereto. If the parties cannot agree on an arbitrator, each party shall select one
arbitrator and both arbitrators shall then select a third. The third arbitrator so selected shall
arbitrate said dispute. The arbitration shall be governed by the rules of the American Arbitration
Association then in force and effect.
10. Entire Agreement
This Agreement shall constitute the entire agreement between the parties and any prior
understanding or representation of any kind preceding the date of this Agreement shall not be
binding upon either party except to the extent incorporated in this Agreement.
11. Modification of Agreement
Any modification of this Agreement or additional obligation assumed by either party in
connection with this Agreement shall be binding only if placed in writing and signed by each
party or an authorized representative of each party.
12. In this contract, any reference to a party includes that party's heirs, executors,
administrators, successors and assigns, singular includes plural and masculine includes
feminine.
WITNESS our signatures as of the day and date first above stated.
________________________ _________________________
(P rinted name) (P rinted name)
________________________ _________________________
(Signature of Inventor) (Signature of Assignee)
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FAQs
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