Assignment of Patents (India) by OLL

Open Legal LibraryUpdated 19 Oct 2026

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ASSIGNMENT OF PATENTS



This Deed of Assignment is executed on this _______ day of ______. 

Between 

Sh. __________________________,

S/o Sh. _______________________,

R/o ___________________________________________________ (hereinafter named "the assignor")

which expression shall include his successors, executors and administrators of the one part 

And 

Sh. ____________________________,

S/o Sh. _________________________,

R/o ______________________________________________________ (hereinafter named "the assignee") which expression shall include his successors, executors and administrators of the other part. 

Whereas the assignor having inventor and patentee of a process for the manufacture of Ayurvedic medicines as duly registered and entered in the Register of Patents duly sealed in the Patent Office at ____________________. 

And Whereas by an agreement dated ___________ between the parties to this deed; the assignor has consented to assign all his rights and interest in the patent above stated in favouring assignee for a consideration of Rs. _____________. 

Now This Deed Witnesses as Follows: 

1. That the assignor being sole and beneficial owner of this patent, hereby assigns to the assignee his title and all benefits, rights, privileges and advantages emerging and concerning to the said patent and to hold the same completely. 

2. That as consideration of said assignment the assignee has paid to the assignor a sum of Rs._________ the receipt of which the assignor hereby acknowledges. 

3. That the assignor’s title to the said patent is existing and that he has not assigned or dealt with the said patent. The assignor also agrees that nothing has been done to prejudice the rights of the assignee as transferee of the patent and the assignee is entitled to can exclusively. 

4. That, if at any time while the said patent is in force, the assignor invents or makes any improvement or improvements on the said invention, which shall be disclosed to the assignee. Also, the assignor shall help the assignee in making practical use of such method /discovery. Assignor shall also do all other acts and execute all such deeds as may be compressor for conferring in the assignee all rights, title and interest in the new invention or improvement and its full and exclusive benefit. 

In Witness Whereof, the parties to this deed have signed at New Delhi, on the day, month and year first noted above, in presence of: 

Assignor 

_____________ 

Assignee: 

______________ 

Signed.............. Date .......... 

Witnesses: 

1. 

2. 

This template is a deed of assignment for transferring ownership of patents within the Indian jurisdiction. It outlines the transfer of all rights, titles, and interests from an inventor to an assignee in exchange for a specified financial consideration. It also includes provisions for the assignor to disclose any future improvements made to the invention to the assignee.

About this template

What is this template?

A deed for the absolute transfer of a patent registered at a Patent Office in India. It contains a specific covenant requiring the inventor to disclose and assist with future improvements to the manufacturing process.

When should you use it?

Use this when a registered patent owner is selling their entire interest for a one-time payment. Use an Intellectual Property License Agreement instead if the owner wants to retain title while allowing another party to use the invention.

What's inside

ClauseNameWhat it does
1Assignment of RightsTransfers all benefits, rights, privileges, and advantages of the registered patent from the assignor to the assignee permanently.
2ConsiderationConfirms the assignee has paid the sum of Rs._________ as the total price for the transfer.
3Warranty of TitleThe assignor guarantees they are the sole owner and have not previously assigned or dealt with the patent rights.
4Future ImprovementsObliges the assignor to disclose any improvements made to the invention while the patent is in force to the assignee.

Who it's for

  • an individual inventor in India transferring a registered Ayurvedic medicine process patent
  • a patentee receiving a lump sum payment in Rupees for total divestment of patent rights

How long it runs and how it's signed

How long
Never expires
Stated duration
while the said patent is in force
Signed by
Assignor, Assignee
Witness
Required
Notarisation
The document doesn't say
Also needed
Record assignment in the Register of Patents
Jurisdiction
India
Document info
MS Word. Document created on Fri Jul 24th, 2026. Last updated on Mon Oct 19th, 2026.
This document is public
Licensed under CC BY 4.0 (Attribution).
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