A patent is a monopoly for the owner to commercially exploit the invention for that period. With the proper set of written agreements in place, this 8 or 20 year monopoly can be utilised result to maximise commercial return.

A well drafted written commercial agreement by a patent attorney will clearly identify the respective rights of the contracting parties and importantly also deals with ‘worst case scenarios’. A comprehensive patent license agreement provides contingencies if a breakdown in the relationship occurs between parties. Without a solid written agreement in place to cater for such situations, further disagreements may arise on how to deal with the conflict. A ‘he said, she said’ resulting from an unclear trade mark contract or verbal agreement will result in unnecessary costs.  

Clearly documented patent licenses are a recommended investment at the outset, to provide your business with certainty, avoid legal complications at a later stage and maximise your commercial return from the transaction.

We draft a range of commercial agreements – see our Business Legal Checklist.  

Actuate IP’s patent contract services

Actuate IP’s patent lawyers & attorneys assist in a range of patent/technology related agreements, documentation and services.

• Transfer / assignment of patent rights
• Patent licensing (exclusive & non-exclusive)
• Research & development agreements
• Manufacture and distribution agreements
• Supplier agreements
• Marketing agreements
• Support and maintenance agreements
• Contractor and consultancy agreements
• Related confidentiality agreements
• Advice on proposed patent / technology agreements
• Negotiating patent / technology agreements on your behalf