Assignment of Patent

Assignment of Patent

This deed of assignment of patent is made this ……… day of ……… 1999 between AB son of ……… residing at ……… (hereinafter called the assignor which term shall include his heirs, legal representatives and assigns) of the one part and CD son of ……… residing at ……… (hereinafter called the assignee which term shall include his heirs, successors and assigns) of the other part.

Whereas the assignor is the inventor and patentee in respect of a machine (state here the nature of the patent).

And whereas the said patent was duly registered on the ……… day of ……… 19 ……… as number………in the Patent Office at ……… and the patentee, viz., the said AB has thus the exclusive privilege and authority to use the same for a period of ……… years from the aforesaid date subject to payment of prescribed fee within time.

And whereas the said AB has agreed to assign and the said CD has agreed to purchase the benefit of the said invention and the patent at and for the price of Rs. ……… :

Now this deed of assignment witnesses that in pursuance of the said agreement and in consideration of the said sum of Rs. ………, paid by the said CD to the said AB which the assignor AB doth hereby admit, acknowledge and confirm as having had and received from the assignee CD the said AB as beneficial owner hereby grant, transfer and assign unto CD the said assignee, all that the said invention and patent and the full and exclusive benefit and advantage thereof and all and every improvement, extension or renewal thereof to have and to hold the same and the said assignor hereby covenants with the said assignee that notwithstanding anything done or omitted or knowingly suffered the said patent is now valid and subsisting.

And the said assignor further covenants with the said assignee that he will at the cost of the person requiring the same do all such things for further assuring this transfer unto the said assignee as may be required for the registration of assignment with the authorities under the provisions of the  Designs Act 1911 and the Patent Act 1970.

The Schedule

In witness whereof the parties have executed these presents on the day, month and year first above-written.

Signed, sealed and delivered by AB

the assignor in the presence of:

Signed, sealed and delivered by CD

the assignee in the presence of:

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