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Assignment Of Application -Inventor Deceased
ASSIGNMENT OF APPLICATION-INVENTOR DECEASED
On [Date of Assignment], this assignment was made by [Name and Address of Administrator or Executor], hereinafter referred to as administrator, to [Name and Address of Corporation], a corporation organized under the laws of the State of [State of Corporation], hereinafter referred to as assignee.
RECITALS
[Name of the Deceased], who is now deceased, invented certain new improvements concerning [Subject of Invention] during [his or her] lifetime. Administrator is going to apply for a letters patent on that invention. The invention is described and identified by the specification in an application which was executed on [Date Application was executed]. Attached is a copy of that specification. Administrator is now the sole and exclusive owner of the application and the inventions described and claimed in the specification, and of all rights in the inventions. Further, assignee desires to acquire the entire right, title, and interest in the application, the invention and improvements thereon, and in any letters patent thereon when granted. In consideration of the foregoing recitals and the mutual promises and duties set forth below, the parties agree as follows:
SECTION ONE: ASSIGNMENT
In consideration of $ [Amount paid] received by Administrator, Administrator assigns to assignee the entire right, title, and interest in the application and the invention, and in any improvements on the invention, and in any letters patent on the invention and the improvements that may be granted.
SECTION TWO: COOPERATION
Administrator agrees to cooperate with assignee so that assignee may fully enjoy the assigned rights. This duty includes the duty to cooperate in any proceedings relating to the patent application, in priority contests, interferences and the like.
SECTION THREE: PARTIES BOUND
The terms, covenants, and conditions of this assignment are binding on the Administrator, the estate and the heirs of [Name of the Deceased]. Similarly, the assignee, assignees successors, assigns, and other legal representatives may have the benefit of the terms, covenants and conditions of this assignment.
SECTION FOUR: WARRANTY
Administrator warrants that [he or she] has not entered into any assignment, contract, or understanding which conflicts with this assignment.
This assignment was executed at [Location of Execution] on [Date of Execution].
Signature of Administrator Date
Signature of Assignee Date