About this contract party
The term Assignor is used to describe an individual or party that is transferring a right that they hold to another party. For example, a party to a contract (the Assignor) may, as a general rule and subject to the express terms of a contract, assign their rights under the contract to a third party (the "Assignee") without the consent of the party against whom those rights are held. It is important to note that obligations cannot be transferred to a third party except by Novation. Common legal documents that use the term "Assignor" include agreements to assign intellectual property, leases, loans, and commercial contracts.
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Sample Patent Assignment (Lambert)
The legal template titled "Sample Patent Assignment (Lambert) under UK law" is a document designed specifically for transferring ownership rights of a patent from one party (the assignor) to another (the assignee) under the jurisdiction of the United Kingdom.
This template provides a standard format and guidelines for drafting a legally binding agreement related to the assignment of a patent. The document covers essential details such as the identification of the assignor and assignee, a clear description of the patent being assigned, and the effective date of the transfer. It may also include clauses specifying the consideration or compensation for the transfer of rights, any existing warranties or representations, and provisions regarding the governing law and jurisdiction.
Moreover, this template likely includes specific provisions complying with the UK patent laws, regulations, and requirements surrounding assignments. These provisions ensure that the transfer of patent rights is conducted in compliance with the legal framework of the United Kingdom.
By utilizing this legal template, individuals or businesses seeking to transfer ownership of a patent under UK law can conveniently create a tailored and legally sound agreement that protects the rights and interests of all parties involved. It provides a practical starting point, which legal professionals can further customize based on unique circumstances or specific requirements of the patent assignment.