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Any business with a patent portfolio is likely used to the assignment and reassignment of patents and patent applications on a regular basis. While this is often viewed as a trivial, “boilerplate” task, its importance should not be underestimated. Not only can mistakes frustrate patent and corporate transaction attorneys during asset transfers, but they can also spell disaster for the unsuspecting litigant and litigation counsel. This frustrating scenario recently unfolded against a patentee in a patent infringement case; the makings of a true patent horror story.