Co-ownership agreement
Manage relations with your patent co-owners
A patent application can be filed by more than one person.
In this case, the patent will be co-owned.
For a serene and clear co-ownership, it is better to draft a co-ownership agreement.
What is a condominium contract?
A patent co-ownership agreement is a contract governing relations between the co-owners.
The aim of this agreement is to look after the interests of each of the owners, and to manage the patent procedure, its exploitation…
As would the co-owners of an apartment, it will be necessary to determine who will be responsible for what costs,
and what happens if the co-owners no longer agree .
A condominium contract must be very well drafted for effective protection of the parties,
which is why it’s a good idea to call on a professional like YesMyPatent.
Don’t forget anything in your patent co-ownership contract!
Defining the purpose of the contract :
Which patent will be co-owned, whether there is only one or several, etc.?
Patent exploitation :
How the patent will be exploited (by both co-owners at the same time, by only one of them, etc.).
Defending the patent :
How will the costs of proceedings be apportioned in the event of an infringement action against the patent or against a third-party infringer?
Co-ownership management :
- What will each co-owner’s share be, if there is a patent manager?
Which co-owner will be responsible for the costs associated with the life of the patent,
How will the co-owners’ share be transferred?
What will be the terms and conditions in the event of renunciation of the patent (e.g. its extension abroad)?
