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Assignment of patent rights

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An assignment [1] is a legal term used in the context of the law of contract and of property. In both instances, assignment is the process whereby a person, the assignor , transfers rights or benefits to another, the assignee. The right or benefit being assigned may be a gift such as a waiver or it may be paid for with a contractual consideration such as money. The rights may be vested or contingent, [3] and may include an equitable interest.
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301 Ownership/Assignability of Patents and Applications [R-10.2019]

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- Ownership and Assignment

FirstName] [Client. FirstName] [Sender. LastName] [Sender. Intellectual Property Assignment Agreements are also entered into between business entities and even individuals, where one party is looking to sell the rights to its intellectual property in exchange for something of value — usually money.
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Subject to the provisions of this title, patents shall have the attributes of personal property. The Patent and Trademark Office shall maintain a register of interests in patents and applications for patents and shall record any document related thereto upon request, and may require a fee therefor. Applications for patent, patents, or any interest therein, shall be assignable in law by an instrument in writing.
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Patent infringement is the commission of a prohibited act with respect to a patented invention without permission from the patent holder. Permission may typically be granted in the form of a license. The definition of patent infringement may vary by jurisdiction, but it typically includes using or selling the patented invention. In many countries, a use is required to be commercial or to have a commercial purpose to constitute patent infringement.

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