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Patent Assignment Agreement | China
Assign your rights in Chinese patents to another party as part of a sale of assets with this Patent Assignment Agreement.
- License Back. In return for the assignor (seller) transferring its interest in the patents to the assignee (purchaser), the assignee licenses back to the assignor the right to use the patents in connection with its business. The license is royalty free, fully paid, worldwide and non-exclusive.
- Perfection of Interest. The assignee will be responsible for translating any documents, taking all actions, and paying all costs connected to perfecting its interest in the assigned patents.
- Patent Applications. The assignor agrees to assist with prosecuting any pending patent applications and procuring any grants in connection with the assigned patents.
- Compliance with Restrictions on Use. The assignor must comply with all restrictions on use and disclosure of confidential information with respect to its license to use the patents.
- Infringement. Each of the parties will promptly notify the other of any infringement or misappropriation of third party rights in connection with the assigned patents.
- Dispute Resolution. In the event that the parties are unable to settle any dispute through friendly consultation, the parties agree to submit the dispute to binding arbitration.
- Laws and Language. This Patent Assignment Agreement is governed by the laws of the Peoples Republic of China. It is available only in an English language version. A Chinese translation of the document may be required to make it legally valid.
$29.99
Patent License Agreement | China
Give a third party the right to use your patent to manufacture and sell products in the PRC under this Patent License Agreement for China.
- Purpose of Agreement. Foreign corporations find it expedient to partner with domestic companies to penetrate the Chinese market. That scenario is an ideal application for this license agreement.
- License for Use. Under this contract, the foreign company that holds the patent (the licensor) grants a domestic Chinese company (the licensee) an exclusive license to use the patent for the purposes of manufacturing, selling and distributing certain products throughout the PRC and Taiwan.
- Royalty. In return for the license to use the patent, the licensee will pay an ongoing royalty to the licensor for each product manufactured or sold.
- Invalidity of Patent. Royalty payments will cease if the licensed patent is deemed invalid or unenforceable.
- Assignability. The licensee does not have the right to assign or transfer the license or any of its rights or obligations under the agreement.
- How to Obtain the Form. You can download the English-language version of the China Patent License Agreement immediately after purchasing it. A Chinese translation may be required to make the contract valid in China.
$29.99