Patent applications and patents are intangible assets and are transferable. In practice, rights holders often transfer patent applications or patents to realize their economic and commercial values. For the assignment of a patent application or patent, the parties shall go through registration formalities to make it take effect. This article briefly introduces the important matters of assignment registration for readers' reference.
1. Assignments take effect after registration
1.1 The assignment of a patent application or patent shall be registered with China National Intellectual Property Administration (the "CNIPA").
For the assignment of a patent application or patent, the assignor and the assignee shall sign a written assignment contract and go through the registration formalities with the CNIPA. The assignment takes effect from the date of official registration.
