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Assignment Of Patent Long Form

1. Introduction. I, [name], residing at [address], am the sole owner of Letters Patent No. [number], issued to me on [date] for the following invention: [description]. [Name of company], whose principal offices are at [address], wishes to acquire and exploit all of my right, title, and interest in and to the Letters Patent and the underlying invention.

2. Assignment of Letters Patent. In consideration of the sum of ........ dollars ($........) and other good and valuable consideration, receipt of which is acknowledged, I sell, assign, and transfer to [name of company], its successors and assigns, all of my right, title, and interest in and to the Letters Patent and the underlying invention.

3. Assignment of Reissues or Extensions of Letters Patent. In addition to the assignment of the Letters Patent and the underlying invention, I sell, assign, and transfer to [name of company], all of my right, title, and interest in and to any reissue or extension of the Letters Patent or of any other Letters Patent that may be granted in connection with the underlying invention. This transfer also includes my rights of priority in and to the underlying invention pursuant to the International Convention for the Protection of Industrial Property, and in any patents on the underlying invention or improvements to the invention that may be granted in the United States or in any other country anywhere in the world.

4. Assignment of Causes of Action for Past Infringements. There is included in the assignments set out in Paragraphs 2 and 3 the right to bring suit in any court of competent jurisdiction to recover damages and profits for any past infringement of...

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