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The Assignment And License Of Patent agreement is essential when transferring or licensing patent rights in the United States. This document is commonly used in technology transfers, mergers and acquisitions, or strategic partnerships where intellectual property rights need to be transferred or licensed. It must comply with U.S. patent laws, USPTO regulations, and state contract laws. The agreement typically includes detailed information about the patent(s), terms of transfer or license, payment provisions, and parties' rights and obligations. It's particularly important for maintaining clear patent ownership records and establishing licensing arrangements.
