China Patent Assignment Agreement

Assign your rights in certain Chinese patents to another party as part of a business acquisition with this Patent Assignment Agreement under the laws of People's Republic of China.

The assignor transfers all of its ownership interest in the patents to the assignee.
In return, the assignee licenses back to the assignor the right to use the patents in connection with its business. The license back is royalty free, fully paid, worldwide and non-exclusive.
The assignee will be responsible for translating any documents, taking all actions, and paying all costs connected to perfecting its interest in the assigned patents.
The assignor will assist with prosecuting any pending patent applications and procuring any grants in connection with the assigned patents.
The assignor will comply with all restrictions on use and disclosure of confidential information with respect to its license to use the patents.
Each of the parties will promptly notify the other of any infringement or misappropriation of third party rights in connection with the assigned patents.
In the event that the parties are unable to settle any dispute through friendly consultation, the parties agree to submit the dispute to binding arbitration.

The China Patent Assignment Agreement is provided in MS Word format and can be edited to fit your unique circumstances. This is an English language version. A Chinese version of the document may also be required for it to be legally enforceable.