Coming up with a new invention or product requires time and effort in the process, hence not an easy job. So, when you launch it in the market, it is important that you protect your rights to your invention by having it patented. A patent provides its holder the legal right to exclude others from making, using, or selling the invention for a limited period of time. In order to assign the ownership to a third party, a patent agreement containing the terms and conditions of the right to make, use, or sell the patent must be signed by the owner and the third party. To guide you on how to make a patent agreement, provided below are samples that you can refer to.
Dissolution Agreement Samples
1. Standard Patent License Agreement Sample
Intellectual property must be patented since it is an intangible asset of an individual or company. When you allow a third party to make, use, and sell your product in the market, you must come up with a mutual agreement in the form of a patent license agreement, such as the one presented above. As the owner, your ownership right retains and you enjoy royalty payment on your product from the sales in the business operations of the third party. It is best to license your patent to a company that has already captured the interest of the market and is among the top players in the industry.
2. Exclusive Patent License Agreement
If you provide the third party an exclusive patent license agreement, this means that you have the title of the patent while you transfer the ownership to the third party, the patent holder. The right is exclusively granted to the holder, but he or she cannot further license the patent to anybody else. Under federal law, this type of license allows only one patent holder to make, use, or sell an invention during a patent’s lifespan. You can check out the above sample for a detailed illustration of the items to be included in an exclusive patent license agreement.
3. Aircraft Patent Agreement Sample
Aircraft invention and innovation must also be patented in order to protect the ownership of the licensor, just like the sample presented above. Depending on the company owning the patent and the invention or innovation, the third party can choose from the available license options, such as exclusive, non-exclusive, sublicenses, cross-licenses, compulsory license, voluntary license, carrot license, and stick license. All the terms and conditions related to the aircraft patent licensing must be included in the agreement to avoid misunderstandings and conflicts.
4. Non-disclosure Patent Agreement
A non-disclosure patent agreement is intended to prevent the disclosure of confidential information in a pending patent application, strategies that may become the basis of a patent application, and any other confidential know-how connected with a patent. Hence, this agreement is used with an invention agent, manufacturer, investor, contractor, among others. Hence, it allows you to keep your invention confidential when you are discussing the subject matter to the others. So, this is helpful when you are looking for inventory, research the commercial market for your invention, among others.
5. Detailed Patent Agreement Sample
The above agreement sample is a detailed presentation of a patent agreement, but as a minimum, it must have the following provisions: royalties, license term, annual license fee for the patent agreement, and dispute resolution. However, if you are still unsure that you draft your patent agreement correctly or you want to make sure that all the issues related to the patent are covered, you may consult with an attorney to help and guide you through this intellectual property law.
6. Comprehensive Patent License Agreement
In this comprehensive patent license agreement sample, the following sections can be found: definitions, grant of license, consideration and reporting, marking of patent rights, technical assistance, publicity, representation and warranties, infringement, limitation of liability, duration and termination, and general terms and conditions. At the end of the document, the signatures of the licensor and the licensee is affixed, and the date and location is also specified.
7. One-Page Patent Agreement Sample
While there are lengthy patent agreement, there are also those that can fit in a single page, just like this one-page patent agreement sample. It is important to note that an agreement must be brief and concise, and the words used in the agreement must be easy to understand and straight to the point. Although this is not a requirement, this must be followed when you create your own agreement in order to make your document formal and comprehensible.
8. Simple Exclusive Patent Agreement
This exclusive patent agreement sample contains the following items: definitions, grant, sublicenses, issue and maintenance fees, royalties, diligence, progress and royalty reports, books and records, agreement life, among others. Note that in this agreement, only one licensee is granted the rights to produce, sell, and use the invention since it is an exclusive patent agreement.
9. Confidential Patent Purchase Agreement
A patent purchase agreement is an agreement between the seller and purchaser of the patent. The seller is the one owning the rights, title, and interests in the patent while the purchaser is the one expressing the desire to purchase those rights. Included in the agreement are the terms of purchase, the amount to be paid by the purchaser, how the license in the patent will be transferred from the seller to the buyer, and the warranties and representations.
10. Patent Sublicense and Technology Transfer Agreement
The following sections can be found in this agreement: definitions and interpretation, license grant, technical assistance, commercialization, manufacture and supply, pharmacovigilance and quality matters, representations and warranties, patent maintenance, infringement, audit and reports, non-disclosure of confidential information, indemnity, terms and conditions, miscellaneous, among others.
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