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Form #858Agreement 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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