Document background
The Assignment And License Of Patent agreement is a crucial document used in intellectual property transactions in India when parties wish to both transfer patent ownership and establish licensing arrangements simultaneously. This hybrid approach is particularly useful in scenarios where the assignor wishes to retain certain rights while transferring the primary ownership, or when the assignment is structured with ongoing licensing components. The document must comply with the Indian Patents Act, 1970, the Indian Contract Act, 1872, and relevant intellectual property regulations. It typically includes detailed provisions about the scope of rights transferred, territorial restrictions, royalty arrangements, and technical specifications. This type of agreement is commonly used in corporate restructuring, technology transfers, joint ventures, and research commercialization projects within the Indian jurisdiction.
