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Pending Application--By Joint Inventors
PENDING APPLICATION--BY JOINT INVENTORS
This assignment was made on [Date of Assignment], by joint inventors
and [Names and Addresses of Joint Inventors],hereinafter referred to as inventors, 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
Inventors have invented certain new improvements relating to [Subject Matter of Invention], which is described in the attached application for a letters patent. Assignee desires to acquire the entire right, title, and interest in this application, in the invention and any improvements thereon, and in any letters patent that may be granted thereon. Therefore, in consideration of the foregoing recitals and the promises and obligations that follow, the parties agree as follows:
SECTION ONE: ASSIGNMENT
For consideration in the amount of $ [Amount Paid] plus other valuable consideration, inventors assign to assignee the entire right, title, and interest in the application, invention, and any improvements thereon, and in any letters patent that may be granted thereon.
SECTION TWO: COOPERATION
Investors must cooperate with the assignee so that assignee may fully enjoy the rights assigned herein. This duty includes the duty to promptly execute any necessary papers and to cooperate in any proceedings relating to the patent application, in priority contests, interferences and the like.
SECTION THREE: PARTIES BOUND
The assignee and its successors, assigns or other legal representatives will have the benefit of the terms, covenants and provisions of this assignment while the inventors and their heirs, legal representatives or assigns will be bound by these terms, covenants, and provisions.
SECTION FOUR: INVENTORS WARRANTY
Inventors warrant that they have not entered into any assignment, contract, or understanding which would conflict with this assignment.
This assignment was executed on [Date of Execution] at [Location of Execution].
Signature of First Joint Inventor Date
Signature of Second Joint Inventor Date
Signature of Assignee Date