Sales agreement

When an invention is sold, all rights transfer to the buyer, allowing the buyer to exploit and develop the invention freely. The sale of an invention is agreed through a sales agreement.

See the sale checklist:

This list is not comprehensive, but is intended only as a basic checklist. In practice, you should check each case separately and take account of the prevailing circumstances when drawing up the agreement.

• Parties
• Object of sale
• Price
  • one-off payment
  • initial payment + royalty (see licensing agreement checklist for further details)
• Payment date
• Date of transfer of proprietary rights
• Limitations of liability
• Entry into force
• Applicable laws
• Resolution of disputes