How can I transfer my patent rights?

Patent rights can be transferred by executing a patent assignment, which is a contract between the owner (assignor) of the patent and the new owner (assignee). The assignment must include an unambiguous description of the rights transferred, so that the assignee has clear rights to the patent in perpetuity. In Utah, the assignor and assignee should work with a qualified attorney to formalize the assignment in a contract. The contract must include adequate transfer of transferable title to the patent, the description of transferred rights, and the consideration offered from the assignee. The assignor should also register the patent assignment with the U.S. Patent and Trademark Office so that the assignee holds the registered title to the patent. The assignee will also need to maintain the proper maintenance fees throughout the duration of the patent rights to ensure their validity. In general, it is important to be very specific when transferring patent rights. All aspects of the transaction should be discussed in depth before execution. This way, both the assignor and assignee can be certain that the transfer of rights is valid and enforceable.

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