D. PATENT ASSIGNMENT AGREEMENT
This Intellectual Property Assignment Agreement (the “Agreement”) is effective this [date] day of [month], [year] by and among [inventor's name], a citizen of [state] with a residence at [address] (the “Inventor”), and [assignee's name], a [state] corporation having a principal place of business at [address] (the “Assignee”).
Whereas, the Inventor has patents, knowhow and other intellectual property for [description of invention] (the “Intellectual Property”).
Whereas, Intellectual Property can better be commercialized through the expertise of Assignee.
Whereas, Inventor wishes to assign his rights to Intellectual Property to Assignee.
Now Therefore, in consideration of the mutual promises hereinafter set forth, Inventor and Assignee agree as follows:
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