A patent assignment form is used by a patent holder to sell or assign the rights to their patent to a person or a company in exchange for a sum of money or any other form of compensation. The patentee holds the patent for a fixed term and when he assigns the patent to another, he thereby transfers all rights of the patent to the assignee, who will now be regarded as the new owner of the patent. He can also use the patent for the full term as it was originally allotted and he has the same rights as the original owner.
Sample Patent Assignment Form
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