How to Invent and Protect Your Invention: A Guide to Patents for Scientists and Engineers

J. JOINT OWNERSHIP AGREEMENT

This Agreement (the “Agreement”) is between Company A, a [state] corporation having a principle place of business at [address], and Company B, a [state] corporation having a principle place of business at [address].

WHEREAS, [name of Company A inventor] (“Inventor A”) at the time of conception of the Invention (as defined below) was an employee of Company A;

WHEREAS, [name of Company B inventor] (“Inventor B”) at the time of conception of the Invention (as defined below) was an employee of Company B;

WHEREAS, in the course of research programs at Company A and Company B, Inventor A and Inventor B (collectively, the “Joint Inventors”) jointly made or reduced to practice the Invention which is included within the Patent Rights (as defined below);

WHEREAS, Company A and Company B (hereinafter, a “Party” or the “Parties”) have separate agreements with the Joint Inventors whereby the Joint Inventors agree to assign all right, title and interest in an invention to their respective institutions, and whereby the Joint Inventors agree to cooperate with and assist their respective institutions in preparing, filing, prosecuting and maintaining patent applications and patents relating to the Invention throughout the world;

WHEREAS, the Parties desire to jointly own and jointly exploit the Invention, all know-how and information relating to the Invention, and Patent Rights;

NOW, THEREFORE, in consideration of the mutual covenants and premises herein contained, the ...