The Patent Assignment Form is a crucial legal instrument used in Saudi Arabia when transferring ownership rights of patents from one entity to another. This document is essential for various business transactions, including corporate acquisitions, technology transfers, and commercialization of inventions. It must comply with the Saudi Authority for Intellectual Property (SAIP) regulations, the Law of Patents, Layout Designs of Integrated Circuits, Plant Varieties, and Industrial Designs, and Shariah law principles. The form is typically used during company acquisitions, technology commercialization, or when inventors transfer their rights to employers or other entities. It includes critical information such as patent details, assignment terms, warranties, and registration requirements, ensuring a legally valid transfer of patent rights within the Saudi Arabian jurisdiction.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification of the Assignor and Assignee with full legal names, addresses, and registration details
2. Background: Context of the assignment, including patent details and registration numbers
3. Definitions: Key terms used in the agreement including 'Patent Rights', 'Effective Date', 'Assignment', etc.
4. Assignment: Core provision transferring all rights, title, and interest in the patent from Assignor to Assignee
5. Consideration: Details of payment or other consideration for the assignment
6. Representations and Warranties: Assignor's warranties regarding ownership, right to assign, and patent validity
7. Further Assurances: Commitment to execute additional documents and assist with transfer registration
8. Governing Law and Jurisdiction: Specification of Saudi law as governing law and jurisdiction for disputes
9. Execution: Signature blocks and attestation requirements under Saudi law
1. Prior Rights: Section addressing any existing licenses or rights granted to third parties, used when the patent has existing encumbrances
2. International Rights: Additional provisions for patents with international registrations or applications
3. Confidentiality: Provisions regarding confidential information, used when sensitive technical information is involved
4. Tax Provisions: Specific tax-related provisions, used for high-value assignments or international transfers
5. Related Know-How: Provisions covering associated technical knowledge and trade secrets, used when technical knowledge transfer is part of the deal
6. Security Interest: Provisions regarding any security interest in the patent, used when the assignment involves financing arrangements
1. Patent Details Schedule: Detailed description of the patent(s) including registration numbers, filing dates, and jurisdictions
2. Payment Schedule: Details of payment terms and installments if applicable
3. Form of SAIP Registration: Required forms for recording the assignment with the Saudi Authority for Intellectual Property
4. Existing Licenses: List of any existing licenses or rights granted to third parties
5. Technical Documentation: List of technical documents to be transferred with the patent
Find the exact document you need
IP Assignment Contract
A contract governed by Saudi Arabian law that transfers ownership of intellectual property rights from one party to another, ensuring compliance with local IP regulations and Sharia principles.
Download
Assignment Of Intellectual Property Rights
A legally binding agreement for transferring intellectual property rights between parties under Saudi Arabian law, ensuring compliance with both Sharia principles and modern IP regulations.
Download
IP Rights Transfer Agreement
A Saudi law-governed agreement for transferring intellectual property rights between parties, ensuring compliance with local regulations and Sharia principles.
Download
Patent Assignment Form
A Saudi Arabian law-compliant document for transferring patent rights from one party to another, meeting SAIP requirements and local regulations.
Download
Copyright Assignment Form
A legal document under Saudi Arabian law that transfers complete copyright ownership from one party to another, compliant with local Copyright Law and Sharia principles.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)