The sample assignment of partnership interest below details an agreement between ‘Joseph P Wagnon’ and an employee, ‘Sandra S Childress’, of the partnership, ‘ABC, Inc.’ Sandra S Childress agrees to the transfer of all rights and interests to Joseph P Wagnon. A patent is a collection of exclusive rights over inventions awarded to inventors as appreciation of their hard work. Patent assignment is possible for the complete set of rights or only a part interest. JavaScript seems to be disabled in your browser. You must have JavaScript enabled in your browser to utilize the functionality of this website. This means the assignee has an interest in this future property, in the same manner any owner has over property. He has the right only to his proportionate share of profits or losses. (a) All amendments to this Agreement shall be made only with the approval of the Limited Partners in accordance with this Section. No amendment shall be made which would adversely affect the Federal Income Tax treatment to be afforded the Limited Partners, adversely affect the liabilities of the Limited Partners, or change the method of allocation of profit and loss of current distributions, without disclosure of such fact to the Limited Partners and the unanimous approval of all Limited Partners entitled to vote on such matters under the terms of this Agreement.

About Marcum LLPMarcum LLP is one of the largest independent public accounting and advisory services firms in the United States. Ranked #15 nationally, Marcum LLP offers the resources of 1,300 professionals, including over 160 partners, in 22 offices throughout the U.S., Grand Cayman and China. Ownership of intellectual property, including patents, copyrights, and trademarks, may be assigned, but special conditions attach to the assignment of patents and trademarks. In the United States, assignment of a patent is governed by statute, 35 U.S.C. Courts will not enforce a contract to assign an expectancy unless there is a valuable consideration. For example, under a settlement of property the respondent "the son" would have been entitled to an equal portion of properties along with his other siblings which was gained in a settlement by his mother. This portion was only his when allocated to him at his mothers discretion. Prior to this allocation being made, the respondent allotted his benefit to trustees for a voluntary settlement.