Common use of Assignment of Causes of Action Clause in Contracts

Assignment of Causes of Action. Effective on the Closing Date, Seller hereby sells, assigns, transfers and conveys to Purchaser all right, title and interest it has in and to all causes of action and enforcement rights, whether currently pending, filed, or otherwise, for (i) the Patents and all inventions and discoveries described therein, including without limitation, all rights to pursue damages, injunctive relief and other remedies for past, current and/or future infringement of the Patents, and (ii) the Subject Technology. The right to ▇▇▇ for past infringement must be expressly assigned because it is not included by default in an assignment of a patent. Consider making it more clear that the portion referring to Subject Technology contemplates suing for previous breaches of confidentiality agreements between the Seller and other parties. Consider inserting, “both legal and equitable” after “remedies” to be exhaustive.

Assignment of Causes of Action. Effective on the Closing Date, Seller hereby sells, assigns, transfers and conveys to Purchaser all right, title and interest it has in and to all causes of action and enforcement rights, whether currently pending, filed, or otherwise, for (i) the Patents and all inventions and discoveries described therein, including without limitation, all rights to pursue damages, injunctive relief and other remedies for past, current and/or future infringement of the Patents, and (ii) the Subject Technology. 21. The right to ▇▇▇ for past infringement must be expressly assigned because it is not included by default in an assignment of a patent. 22. Consider making it more clear that the portion referring to Subject Technology contemplates suing for previous breaches of confidentiality agreements between the Seller and other parties. 23. Consider inserting, “both legal and equitable” after “remedies” to be exhaustive.