Sale Of Patent Agreement

Posted by | October 05, 2021 | Uncategorized | No Comments

A license is a right granted by the owner of a patent, trademark right, design right, other intellectual property right, or a combination therefright. Licensing means that a full or limited permit is granted to the licensee to engage in activities that could be prohibited by the licensor, the holder of the relevant intellectual property rights, without a contract under its law or rights. In this regard, one can think, for example, of the right to manufacture and market a certain patented construction, or the right to place and rent or sell a film on video cassettes. Similar situations can occur for brands and designs. The designer of a design may register that design and then issue a licence to manufacture the design to a company. This method is less applicable to trademarks. The image of a brand can be exploited for example. B by licensing products for which this image is very important, but which cannot be manufactured and sold oneself. In principle, the form and content of licence agreements can be freely determined by the parties, whereas such agreements should comply with European competition law rules. Option, extension or extension of an granted right. These obligations are set out in Appendix B.

“Patent(s)” means the patents and patent applications referred to in Annex A. [8] “person” means any natural or legal person. The `purchase price` has the meaning defined in point 2.2. [8] The purpose of this provision is to clearly define the “patents” transferred to the patents listed in Appendix A. Please note that this includes the rights defined above under “Transferred Patent Rights”. 2. ASSIGNMENT OF PATENT RIGHTS; PURCHASE PRICE; OBSERVATIONS 2.1 Assignment (a) Assignment of assigned patent rights. Subject to the terms of this Agreement and Seller`s receipt of the Purchase Price in accordance with Section 2.2, which takes effect at the time of conclusion,[9] Seller transfers, transfers and transfers all rights, title and interests of Seller to the assigned patent rights subject to all charges and obligations [10]. Once completed, the sale of a right to intangible property is also possible at a reasonable level. If, for one reason or another, a company has a particular product line or brand name and another party is interested, the rights may be transferred. In close collaboration with patent and/or trademark and design lawyers, you support our specialists in negotiations that must lead to licensing or sales agreements, in the design of contracts and in the evaluation of contracts of other parties. Since we have experience in negotiating and creating contracts, we can conclude the most advantageous contract, whether you are licensed or licensor, buyer or seller, in agreement with you.

Our advice can usually be a huge advantage for you. In exchange for this authorization from the right holder, compensation, called a royalty, is usually granted. Sometimes companies agree to license each other for one or more patents or other intellectual property rights. This is also called cross-licencing. Licenses can even be issued on the basis of patent applications or available know-how. The beneficiary is responsible for filing all provisional patent applications containing this intellectual property and all related costs. to execute all appropriate legal documents necessary for the buyer to obtain a patent, copyright or intellectual property mark and for all continuous, divisible or republishable applications. PandaTip: The language in the table below may be appropriate if the owner has not yet filed a patent or registered the intellectual property. If there is a patent number or other intellectual property registration, it would be better to refer to it….

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