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Document Id : 159
File Type : Microsoft Word
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Sale Agreement for Proprietary Process
Inventors, sell a previously unlicensed or unmarketed proprietary process to a purchaser with this Sale Agreement for Proprietary Process.
- The purchaser will pay a royalty to the inventor on each item produced using the process (up to a maximum aggregate amount).
- The inventor agrees not to divulge any information regarding the process to any party other than the purchaser.
- The inventor agrees to train at least two persons designated by the purchaser in the use and application of the process.
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