Sale Agreement for Proprietary Process

Inventors, you can sell a previously unlicensed or unmarketed proprietary process to a purchaser with this template Sale Agreement for Proprietary Process.

The purchaser will pay a royalty to the inventor on each item produced using the process (up to a maximum aggregate amount);
The inventor agrees not to divulge any information regarding the process to any party other than the purchaser;
The inventor agrees to train at least two persons designated by the purchaser in the use and application of the process.

This Sale Agreement for Proprietary Process is generic (not country specific). It is available as a Microsoft Word download which is fully editable to meet your needs.