- 1). Hire a patent attorney or patent agent to draft a patent assignment agreement. Selling a patent requires a legal contract called a patent assignment. Consult a qualified patent attorney or patent agent to draft the patent assignment according to your requirements. Include the names and contact information of the assignee(s) and inventor, invention title, patent number, filing date, geographical restrictions and remuneration to the inventor.
- 2). Negotiate with the buyer or his designated agent to finalize the patent assignment agreement. Through your attorney, negotiate until both you and the assignee agree to a final patent assignment document.
- 3). Sign and notarize the patent assignment. The USPTO requires all parties sign the patent assignment before a notary public or an officer authorized to administer oaths.
- 4). Complete PTO Form 1595. The USPTO must receive PTO Form 1595 to assign the patent to a new owner and record that information in its archives.
- 5). Mail the patent assignment agreement and PTO Form 1595 to the United States Patent and Trademark Office. Address the correspondence to:
Mail Stop Assignment Recording Services
Director of the United States Patent and Trademark Office
P.O. Box 1450
Alexandria, VA 22313-1450 - 6). Pay the associated patent assignment fee. To validate and record the patent assignment, the USPTO charges a patent assignment fee. As of July 2010, the patent assignment fee ran $40. Enclose this fee as part of the patent assignment/PTO Form 1595 package sent to the USPTO.
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