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A patent transfer agreement is a contract between a patent owner and a third party where the patent holder agrees to transfer some or all patent ownership. The patent owner, called the assignor, allows the buyer, alled the assignee, certain rights to use the patent once the contract is signed. In exchange, the assignee typically pays a cash sum and makes certain promises as described in the contract. This can include details about how the rights are intended to be used. The contract can also state how long the assignee is authorized to use the rights.
The purpose of the patent transfer agreement is to make the transfer of rights legally official. This protects both parties from legal harm surrounding the agreement itself.
Below is a list of common sections included in Patent Transfer Agreements. These sections are linked to the below sample agreement for you to explore.