Patent Transfer Agreement
Transferee:Harbin Hainan
Kangda Cactus Hygienical Foods Co., Ltd (Party A)
According
to this agreement, Party B shall transfer the patent registration of cactus
cattle feed, cactus hog feed and cactus fish feed to Party A, and Party A shall
purchase the aforementioned patents. Based upon friendly negotiation, the two
parties reach the following specified agreement.
I.
Patents to be transferred
iii.
Patent holder: Heilongjiang Yatai Bio Development and Research
Institute
II. Party
A guarantees to perform the original Patent utilizing agreement after this
agreement is executed, if have any. Then, Party A should succeed to the rights
and obligations of Party B in the original Patent utilizing agreement
..
4. Valid evidence documents issued by Patent Office of China, which are the recent patent annual fee payment statement (or
Patent Register list made by Patent Office), and decisions that maintain patent
effective which are made by Patent Office of China or Patent Reexamination
Committee or People's Court when Patent is revoked or invalid.
5.
Transfer approval documents that are made by higher authorities or the department of State Council which is in
charge.
Once the
agreement is executed, Party B shall deliver all the materials listed in i. to
Party A in 3 days after Party B receives the (first part of) payment, or in 10
days after the agreement is executed, Party B shall deliver all (or part of) the materials listed in i. to Party A. If the materials are in
partial, Party B shall deliver the rest materials to Party A in 5 days after
Party A pays the (first part of) payment.
Party B
shall deliver all the above-mentioned materials to Party A by ways of hand-delivery, mail, over-night delivery, etc. A
list of materials should also be delivered to Party A. The site of delivery
shall be the location of Party A or somewhere is agreed by the two
parties.
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V. To
guarantee that Party A utilizes the patents effectively, Party B should also
transfer technical know–how information which is related to the patents to Party
A.
VI. Party B guarantees to Party A that the
following defects will not exist in the patent when the agreement is
executed.
2.
Utilization of the patents are limited by another current patent
right.
VII.
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2. The
payments are to be made in installments, 25% at the end of January,
2010, 25% at the end of March, 2010, 30% at the end of June, 2010 and 20% at the
end of August, 2010.
3. For both parties are Chinese
citizens and legal persons, tax related to the transfer fee in the agreement
should be paid by Party B according to the Tax Law of People’s Republic of
China.
2. Party
B also has the rights to further improve the patents which have sold to Party A.
The resulted advanced new technical achievements shall be owned by Party
B.
.
X
1. If
Party B refuses to deliver all the materials specified in the agreement or
refuses to transfer the patent registration to Party A, then Party A has the
rights to terminate the agreement and requires Party B to return the transfer
fee and to be reimbursed by 3% of the transfer
fee as liquidated damages.
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2. File a
suit to the People’s court.
This agreement shall be effective upon the signing date. During the
implementation of the agreement, any change and modification should be
determined by both parties after negotiation in written form. The amendment has
the same effect as component of the entire agreement.
Transferor
(seal)
|
Transferee
(seal)
|
Legal
representative (signature)
|
|
Date:
|
Date:
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