Patents are highly valuable assets. In common with other assets, patents
can be sold in their entirety (assigned) or licensed, subject to whatever
terms and conditions the parties may wish to agree upon. Under Section
30(6)(a) of the Patents Act 1977, if a patent is assigned, the assignment
must be done in writing and must be signed by, or on behalf of the
This Patent Assignment provides for the transfer of patent ownership (and
other intellectual property rights if you so wish). The terms of this
assignment allow for a single patent or multiple patents.
When assigning a patent, certain formalities in addition to the agreement
itself must be observed. As soon as is reasonably possible (and no later
than six months) after the assignment of the patent is complete, a Form 21
must be completed and submitted to the Intellectual Property Office along
with a fee of £50. Form 21 and all other patent forms are available from
Intellectual Property Office website.
A number of undertakings on the part of the assignor are provided for in
this assignment, including the obligation to assist the assignee in
practical and legal matters relating to the assigned patents. Warranties
are also provided, ensuring the validity of the assignment and providing
reassurance for the assignee.
The patents are referenced in the document and must be defined in a
schedule. Great care should be taken when completing the schedule. Full and
complete details of the patent(s) to be assigned should be included to the
extent that it should be possible to obtain all information necessary
concerning the patent(s) relevant to the assignment from the schedule alone
without further reference to additional documents.
Optional phrases / clauses are enclosed in square brackets. These should be
read carefully and selected so as to be compatible with one another. Unused
options should be removed from the document.
This Patent Assignment contains the following clauses:
1. Definitions and Interpretation
3. Fee and Payment
5. Further Assistance
6. Assignor’s Warranties
7. Assignee’s Warranties
9. Assignment of Agreement
11. Force Majeure
12. No Waiver
14. Law and Jurisdiction
And the following schedule:
1. The Patent(s)
This document is in open format. Either enter the requisite details in the
highlighted fields or adjust the wording to suit your purposes.
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