Patent Starting With Wo

• Category: Copyrights Patents and Trademarks - Contracts
• State: Multi-State
• Control #: US-02424BG
• Format: Word; PDF; Rich Text

Description

The Agreement between Joint Patent Holders with Title of One Holder Assigned to the Other Holder with Right of Assignee to Sell or License provides a structured legal framework for co-owners of a patent to address the division of rights and revenue derived from their joint invention. The document establishes the authority of one holder (Holder Two) to negotiate sales or licensing agreements, while outlining the receipt-sharing arrangement following such transactions. Key features include provisions for counterparts, waiver clauses, governing law, and requirements for notices, ensuring clarity in communication between parties. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants involved in patent management, as it offers guidance on how to properly assign rights and facilitate transactions while protecting the interests of both parties. Users can easily fill in the required information, including names and addresses, and edit the revenue-sharing details as per their unique arrangements. The form not only streamlines the process but also reduces potential disputes by explicitly documenting each party's rights and responsibilities in a clear, concise manner.