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Form #858

Agreement Between Co-Owners

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Agreement Between Co-owners - Non-Transfer of Patent Rights Free Legal Form

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AGREEMENT BETWEEN CO-OWNERS

NON-TRANSFER OF PATENT RIGHTS

 

This agreement was entered on ________________________________ (Date) between ______________________________________________________ (Name), hereinafter referred to as first co-owner, and ____________________________________ (Name), hereinafter referred to as second co-owner.

 

RECITALS

 

First co-owner owned all right, title, and interest in certain inventions on which he/she has made application on _______________________________ (Date) for letters patent for improvements in ______________________________________________ (Subject of Invention).  The serial number of that application is __________________________.  Then, on _____________________________________ (Date), first co-owner assigned __________ percent (______%) of his/her right, title, and interest in that invention to second co-owner.  Since it is the desire of both parties that the entire right, title, and interest in the invention be kept together, the parties enter into the following agreement.

 

AGREEMENT

 

Both parties agree that neither will sell, assign, or transfer his/her interest in the invention or in any improvements or additions relating thereto for a term of _________

(_____) years.  Both parties also agree that neither will assign or grant any right, privilege, or interest in the invention to anyone without first obtaining the written consent of the other party. 

 

This agreement was executed at ____________________________________ (location) on _______________________________________ (date). 

 

 

 

___________________________________                       ___________________

Signature of First Co-owner                                                                       Date

 

 

___________________________________                       ___________________

Signature of Second Co-owner                                                      Date

 

 

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Name of Firm Anonymous2
Total Forms Contributed 51
 

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Terms Of Use

Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
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