Assignment of Patent by Shiva.

Assignment of Patent

THIS ASSIGNMENT is made (as in Precedent No. 3).

WHEREAS the Assignor is a Patentee, his name being entered in the Register of Patents in respect of a machine for the (state here the patent);

AND WHEREAS the said patent was registered on the . . . . . . . . . . . day of . . . . . . . . . . . . ., 20 . . . . . . . . . . . . ., as number . . . . . . . . . . . . . in the Patent Office at . . . . . . . . . . . . . and the patentee has the exclusive privilege and authority to use the same for the duration of . . . . . . . . . . .  years from the aforesaid date and the prescribed fee has been paid within time;

AND WHEREAS the said A.B. has agreed to give to the said Assignee the benefit of the said invention and the Patent at the price of Rs . . . . . . . . . . . . . and the said Assignee is willing to buy the same at the said price:

NOW, THEREFORE, THIS ASSIGNMENT WITNESSES that in pursuance of the said agreement and in consideration of the said sum of Rs . . . . which the Assignor hereby acknowledges as having received from the Assignee, the said A.B., as beneficial owner, hereby assigns unto the said Assignee the said invention and Patent and the full and exclusive benefit thereof:

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 the assignment with the Controller of Patents under the provisions of the Patents Act, 1970.

IN WITNESS whereof . . . . . . . . . . . . . (as in Precedent No. 3).

Witness:                                                                       1.  A.B.

Assignor.

2.  C.D.

Assignee.

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