Patent Assignment
Create quality document for your Patent Assignment with instant document builder of Lawpath. Transfer up to four patents or applications easily. Draft yours now!
Last updated November 18, 2025
Suitable for Australia
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Frequently asked questions
What are the benefits of a Patent Assignment?
For the assignor:
- The assignor can receive financial compensation for transferring ownership of the patent.
- Assigning the patent to someone else means that the assignor will no longer be responsible for maintenance fees or other costs associated with maintaining the patent.
- If the assignor is no longer interested in using or commercialising the invention covered by the patent, a patent assignment ensures that the assignor is not liable for legal issues that arise from the use of the patent.
For the assignee:
- The assignee gains full ownership and control over the patent, including the ability to license, sell, or enforce it.
- Owning a patent gives the assignee the right to exclude others from making, using, or selling the invention covered by the patent for a period of time.
- The assignee may be able to commercialise the invention covered by the patent and generate revenue from it.
What does a Patent Assignment provide?
- Space for the assignment of up to four patents or patent assignments;
- Provisions designed to account for patents registered in a jurisdiction outside of Australia;
- A comprehensive list of warranties provided by the assignor in clause 8, which may be modified if required.
What does the Patent Assignment cover?
- Background.
- Further action.
- Costs.
- GST.
- Delivery of documents.
- Warranties and indemnity.
- Entire agreement.
- Applicable law.
- Amendments.
- Severability.
- Charges.
Further information:
View Sample Patent Assignment
The Legal Risk Score of a Patent Assignment Template is Medium
Our legal team have marked this document as medium risk considering:
- The document must be properly executed as a deed.
- There is a potential for incomplete transfer of rights if all necessary supplementary documents and actions are not executed beyond the initial agreement, as the document requires further actions to perfect and carry into full force the intended transfer.
- The assignment is comprehensive, transferring all rights in the patents including future claims and legal actions, which might limit the original owner's control or future benefits from the patents.
Users familiar with patent assignments and related legal processes may find this document straightforward, but should be cautious of the implications of the full transfer of rights and the need for thorough follow-through on all stipulated requirements.
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