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The Assignment Of Patent Rights Agreement is essential when transferring ownership of patent rights in Singapore. This document is commonly used in corporate acquisitions, technology transfers, or restructuring of intellectual property portfolios. It must comply with Singapore's Patents Act and IPOS requirements, including proper registration using Form CM8. The agreement typically includes detailed patent specifications, consideration terms, warranties about patent validity, and provisions for international rights if applicable. It's particularly crucial for ensuring clear chain of title in patent ownership and facilitating commercial exploitation of patented innovations.
