This agreement is required when one party wishes to mortgage its patent for a particular product to another. The Patent assignment deed is made to assign the license to the assignee for use for a particular period on certain terms and conditions.
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1 |
What
is a patent? |
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Ans. |
A
patent in an exclusive right granted by a country to the owner of an
invention to make, use, manufacture and market the invention, provided the
invention satisfies certain conditions stipulated in the law. |
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2 |
When
can an invention be patented? |
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Ans. |
An
invention in order to be patented must satisfy the following three conditions
of: |
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3 |
When
should an application for a patent be filed? |
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Ans. |
Filing
of an application for a patent should be completed at the earliest possible
date and should not be delayed. Otherwise other inventors might forestall the
first inventor by applying for a patent for the said invention. Or, there may
be either an inadvertent publication of the invention by the inventor
himself/herself or by others independently of him/her. |
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4 |
What
is considered as the date of patent? |
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Ans. |
The
date of patent is the date of filing the application for patent (whether
provisional or complete). The term of the patent is counted from this date. |
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5 |
What
is the term of a patent in the Indian system? |
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Ans. |
Term
of the patent is 20 years from the date of filling for all types of
inventions. |
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STEP
1 |
Fill
in blanks: |
Fill in the blank spaces. Delete
instructions highlighted in grey. |
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STEP
2 |
Alternations: |
Add or delete a clause according to
your needs. Re-check the document. |
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STEP
3 |
Stamp
Paper |
The Stamp Duty value will be made
available to you at your legaljini account on purchase of the document. |
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Stamp
Duty Payment option 1 |
If you wish to print Agreement on
Stamp Paper, you can buy from court/ Stamp office and said Stamp paper will
be used as 1st page of Agreement. If you wish to have 2 copies of Agreement
you should buy 2 Stamp Papers (one Stamp Paper for each copy) |
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Stamp
Duty Payment option 2 |
If you have facility of franking
for Stamp Duty payment at nearest bank, you need to print the Agreement &
get franking done. If you wish to have 2 copies of Agreement you should frank
2 copies (one copy for each party) |
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STEP
4 |
Printing
on Legal Paper: |
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On
Stamp Paper |
Print ONLY on the blank portion of
the stamp paper. |
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On
Ledger Paper |
Print on a SINGLE SIDE of a sheet
of Ledger Paper. |
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STEP
5 |
Number
of Copies Needed: |
Generally it is made two copies
(one copy for each party) |
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STEP
6 |
Photographs
& Signatures/ Thumb Impression & Initials: |
The concerned parties should sign,
or affix their mark and recent passport size photograph against their names
on the last page of the document. This document must initialed or marked by
the concerned parties at the end of every page. In addition or corrections/
alterations made after printing must be initialed. |
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STEP
7 |
Witness
Attestation (Both Parties): |
This document must be attested by
at least two witnesses from both sides. |
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STEP
8 |
Attached
Documents: |
• Register of Patents contains full
details of the Patent which include Patent number. |
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STEP
9 |
Registration/
Notary |
Registration or Notary is mandatory
for some documents. If you need clarification you may contact our Helpline at
support@legaljini.com |
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Registration
Mandatory |
Please contact the nearest
Controller of Patents in the Patent office for registration of this document. |
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You Need to Know: |
Form of Assignment or License is
also required to be filed with the Controller of Patents. |
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Please
contact our Helpline if you have any difficulty. |
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