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Joint Patent Application Agreement
"I need a Joint Patent Application Agreement between my biotech startup and a university research lab for a new gene therapy technology, with specific provisions for commercialization rights and an even 50-50 split of patent costs and future revenues."
1. Parties: Identification and details of all joint applicants
2. Background: Context of the invention and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Invention Description: Technical description of the joint invention
5. Ownership Rights: Distribution of ownership and rights between parties
6. Filing Responsibilities: Process and responsibilities for patent application
7. Cost Sharing: Agreement on sharing application and maintenance costs
8. Governing Law: Specification of applicable law and jurisdiction
1. Commercialization Rights: Terms for commercial exploitation of the patent when parties intend to commercialize the invention
2. Future Improvements: Handling of subsequent improvements to the invention when ongoing development is expected
3. International Filing Strategy: Plans for international patent applications when international protection is sought
4. Confidentiality: Terms for maintaining secrecy of invention details when specific confidentiality provisions are needed
1. Technical Description Schedule: Detailed technical specifications of the invention
2. Cost Allocation Schedule: Detailed breakdown of cost sharing arrangements
3. Filing Timeline Schedule: Schedule of patent application deadlines and milestones
4. Inventor Details Schedule: Complete information about all inventors
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