Option Agreement to Purchase Patent Rights

Grant another party an option to buy your rights in a patent with this Option Agreement to Purchase Patent Rights.

• This agreement was intended to give a licensee who already has a license to use the patent a means of acquiring ownership in worldwide rights to the patented invention, for instance, a manufacturer.
• The inventor grants the optionee an exclusive option to purchase all of the inventor's right, title and interest in and to the patent and the invention throughout the world.
• In consideration for the option, the optionee will pay a non-refundable one-time option fee.
• The inventor will maintain the patent in good standing at its own expense up to the time of purchase by the optionee.

The Option Agreement to Purchase Patent Rights covers patents registered in many countries worldwide. Downloadable and easy to use.