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    Option Agreement to Purchase Patent Rights


    Give another party an option to purchase your rights in a patent with this template Option Agreement form.

    • The purpose of this agreement to give a licensee (such as a manufacturer) who already has a license to use the patent a means of acquiring ownership rights to the patented invention.
    • The inventor grants the optionee an exclusive option to purchase all of the inventor's worldwide right, title and interest in and to the patent and the invention.
    • The optionee will pay a non-refundable one-time option fee in consideration for the grant of the option. The fee is payable whether or not the optionee decides to exercise the option.
    • The inventor will maintain the patent in good standing at its own expense until such time as the optionee decides to purchase the rights.
    • This Option Agreement governs purchase rights of patents registered in many countries worldwide. It does not refer to the specific laws of any country.
    • The template is downloadable and easy to use. Available in MS Word format.
    Download Type: Microsoft Word
    Last Updated: 29-April-2022
    SKU: 3346