Common Contracts
2 similar Patent Sale Agreement contracts
AGREEMENT TERM REMARKS This PATENT SALE AGREEMENT (this “Agreement”) is entered into, as of (the “Effective Date”), by and between [Name of Seller Entity], with its principal offices at [Address of Seller] (“Seller”) and [Name of Purchaser Entity], a...Patent Sale Agreement • October 29th, 2017 • Delaware
option or the extension or renewal of a granted right. Such Obligations are disclosed on Exhibit B. “Patent(s)” means the patents and patent applications identified on Exhibit A. [8] “Person” means any individual or Entity. “Purchase Price” has the meaning set forth in subparagraph 2.2. [8] The purpose of this provision is to clearly define the “patent(s)” being transferred to those listed in Exhibit A. Please note that this also includes the rights defined in “Assigned Patent Rights” above. 2. ASSIGNMENT OF PATENT RIGHTS; PURCHASE PRICE; DELIVERABLES REMARKS 2.1 Assignment (a) Assignment of Assigned Patent Rights. Subject to the terms and conditions of this Agreement and Seller’s receipt of the Purchase Price under Section 2.2, effective as of Closing,[9] Seller hereby sells, assigns, transfers, andconveys to Purchaser all of Seller’s right, title, and interest in and to the Assigned Patent Rights subject to all Encumbrances and Obligations [10]. After Closing, at the reasonable re
ANNOTATED PATENT SALE AGREEMENTPatent Sale Agreement • October 10th, 2017 • Delaware
This PATENT SALE AGREEMENT (this “Agreement”) is entered into, as of ___________________(the “Effective Date”), by and between [Name of Seller Entity], with its principal offices at __________ [Address of Seller] (“Seller”) and ____________ [Name of Purchaser Entity], a _____________ with its principal offices at __________ [Address of Purchaser] (“Purchaser”). The parties hereby agree as follows: [1] This Agreement is for transferring all right, title, and interest to patents from the Seller to the Purchaser, rather than licensing certain rights to patents. This form of agreement favors the Seller. Other forms may be more appropriate if you are representing the Purchaser. [1] This introductory provision identifies the parties and the effective date of the agreement. Some courts have relied on intent language to find enforceable obligations even in the absence of consideration, e.g., “The parties, intending to be legally bound, hereby agree as follows:”
