Verbal Patent Ownership Agreement
Exhibit 99.8
Verbal Patent Ownership Agreement
This Verbal Patent Ownership Agreement memorializes a verbal agreement by and between Nanjing Forest University (“NF”) and Nanjing Changcheng Medical Equipment Co., Ltd (the “Company”), on or before December 2, 2020.
1. | Right of Ownership. NF unequivocally confirms that the Company shall own absolutely all rights in their entirety of the following patent: |
Application/ Registration Number |
Name | Type | Owner | Jurisdiction | Date of Application (DD/MM/YYYY) |
Date of Registration (DD/MM/YYYY) |
Date of Patent Expiration (DD/MM/YYYY) |
Status | ||||||||
202022881052.8 | A device for reducing magnetron power fluctuations | Utility | Changcheng Nanjing |
PRC | 02/12/2020 | 24/08/2021 | 01/12/2030 | Granted |
2. | Payment. NF acknowledges and agrees that no royalty payments will be made to NF for the Company’s use of such patent. |