Free Patent Purchase Agreement

Share Form:

This Patent Purchase Agreement is between a seller who owns all rights and interests in a patent and a purchaser who desires to purchase those rights. This agreement sets out the terms of the purchase including the amount paid for the patent and how the rights and license in the patent will be transferred. It also sets forth the warranties and representations made by both parties. It is imperative that this type of agreement be set forth in writing. A written Patent Purchase Agreement will be invaluable in the event there are disagreements or misunderstandings about the patent purchase. This Patent Purchase Agreement sets forth the following: Parties: Sets out the names of both the seller and purchaser of the patent; Purchase: Seller agrees to transfer, convey and assign the patent rights and any paperwork associated therewith; Delivery/Payment: Seller will pay an agreed upon price for the patent and will use all efforts to close on this agreement in a reasonable timeframe; Representations/Warranties: Detailed list of representation and warranties by both seller and purchaser including any restrictions on rights, conduct and enforcement; Signatures: Both purchaser and seller must sign this agreement. Protect yourself, your rights and your company by purchasing this attorney-prepared form. This attorney-prepared package includes: General Information Instructions and Checklist Patent Purchase Agreement State Law Compliance: This form complies with the laws of all states