Patent Application Assignment
(Total Ownership Transfer) (Inventor to Entity)

Summary

This template is a Patent Application Assignment used to transfer total ownership of an invention from the inventors to an entity. An assignment transferring ownership of a patent application is typically used in an employment situation where one or more employee inventors transfer rights in the invention to their employer. This template includes practical guidance, drafting notes, and optional clauses. An assignment transferring ownership of an issued patent can also be used to transfer ownership from employee inventor(s) to an employer entity. However, transfer of ownership in a patent from the inventor(s) to an entity is more likely to be used when an inventor is selling the invention to an entity such as a company that desires to purchase and manufacture the invention described in the patent.