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Joint Patent Ownership Agreement
"Need a Joint Patent Ownership Agreement for a collaboration between our biotech company and a Singapore university, covering a new drug delivery system patent, with equal ownership rights and specific provisions for academic publication rights."
1. Parties: Identification of all joint patent owners, including full legal names, registration numbers, and addresses
2. Background: Context of the joint invention, relationship between parties, and purpose of the agreement
3. Definitions: Key terms used tHRoughout the agreement, including 'Patent', 'Invention', 'Net Revenue', etc.
4. Patent Rights: Description of the patent(s) or patent application(s), ownership percentages, and territorial scope
5. Rights and Obligations of Joint Owners: Core rights and responsibilities including licensing, prosecution, enforcement, and commercialization
6. Cost Sharing: Allocation of costs related to patent prosecution, maintenance, and enforcement
7. Revenue Sharing: Distribution of revenues from patent exploitation and licensing
8. Term and Termination: Duration of agreement and circumstances for termination
1. Improvements: Provisions for handling future improvements to the patented invention when ongoing development is expected
2. Confidentiality: Provisions for protection of confidential information exchanged between parties when sensitive technical information will be shared
3. Technology Transfer: Provisions for sharing technical knowledge and support when technical cooperation is required
4. Third Party Infringement: Procedures for dealing with third party infringement in high-risk industries or valuable patents
1. Schedule 1 - Patent Details: Technical description of the patent(s) or application(s), including filing numbers and dates
2. Schedule 2 - Revenue Sharing Calculations: Detailed methodology for calculating and distributing revenues
3. Schedule 3 - Patent Prosecution Timeline: Key dates and deadlines for patent prosecution and maintenance
4. Schedule 4 - Authorized Representatives: List of designated representatives from each party authorized to make decisions
Authors
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