Document background
The Assignment And License Of Patent agreement is a sophisticated legal instrument used in Australian intellectual property transactions where parties wish to implement both a transfer of patent ownership and establish ongoing licensing arrangements. This document is particularly relevant when the original patent owner wants to sell their patent rights while retaining some usage rights, or when the purchaser wants to grant back certain rights to the seller. It must comply with Australian patent law requirements, particularly the Patents Act 1990 and associated regulations, and typically includes detailed provisions about patent maintenance, commercialization rights, territory restrictions, and financial terms. The document is commonly used in corporate restructuring, technology transfer deals, research commercialization, and joint venture arrangements.
