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A LegalZoom Patent Assignment gives you:

  • Essential Documentation

    Document ownership and liability obligations for each party.

  • Do's & Don'ts

    Learn pertinent information about patent transfers and best practices.

  • Detailed Instructions

    Understand the terms of your assignment.

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Learn more about Patent Assignment

One of the vital components to a company's well-being is the buying and selling of property. Though it takes up little physical space, excess intellectual property can be a burden to a company. Directing funds toward obtaining registrations, defending against third-party claims or creating and marketing a final product can drain an organization's limited capital. Selling unused or surplus intellectual property can positively impact a company's finances immediately by generating revenue and decreasing costs.

Growing companies looking to purchase property (including patent other inventions) must be absolutely certain that a seller has the title to the desired items. A properly-drafted patent assignment can help both the seller and purchaser of intellectual property.

A patent assignment is the transfer of an owner's property rights in a given patent or patents, and any application for patents. Such transfers may occur on their own or as parts of larger asset sales or purchases. Patent assignment agreements both provide records of ownership and transfer and protect the rights of all parties.

With a LegalZoom Patent Assignment you'll have written acknowledgment of the rights and responsibilities being transferred as part of your sale. This will help you to establish a clear record of title for all of your patents.

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Common questions

Do I need a special software to download or view legal forms online?
You will need Microsoft Word (97 or higher) to download and use the legal documents, and Adobe Acrobat Reader to download the form instructions. You can download Acrobat Reader for free here.
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You can use the form as many times as you want for personal use or, if you are an attorney, for your clients. You may not transfer the form to any other third party for their use. For more information on LegalZoom policies, see our Terms and Conditions.
When can I download my form?
You can download your form(s) immediately after your purchase has been processed. You will be taken to a page that includes a link to your form with additional download instructions. You can access the legal forms online for up to 30 days when accessed through "My Account." To do so, go to the "My Account" link at the top of LegalZoom page.
What if I need help?
Our legal forms are created by experienced attorneys who review and update them regularly, and are all backed by our 100% Satisfaction Guarantee. If you would like to enlist an independent attorney to help you, you can subscribe to one of our legal plans for $9.99/month and receive valuable legal advice, plus an array of other benefits. Whether you need help with an independent contractor agreement for your business or a promissory note, professional legal advice is available to you. To take advantage of one of our legal plans, click here.

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