Patent Co Ownership Agreement Template for Hong Kong

1. Research and Development: Provisions governing ongoing R&D activities related to the patent, used when co-owners plan to continue development

2. Improvements: Treatment of improvements to the patented technology, included when future developments are anticipated

3. International Rights: Specific provisions for international patent rights, used when the patent has multi-jurisdictional coverage

4. Competition Law Compliance: Specific provisions ensuring compliance with competition laws, important for commercially sensitive arrangements

5. Academic Rights: Special provisions for academic institutions as co-owners, including rights to publish and use for research

6. Employee Obligations: Provisions regarding employees' access to and use of the patent, important for corporate co-owners

7. Exit Mechanisms: Detailed procedures for co-owners to exit the agreement, including valuation mechanisms

8. Grant-Back Licenses: Provisions for licensing improvements back to other co-owners, relevant for ongoing development scenarios

1. Patent Specifications: Detailed technical specifications and drawings of the patented invention

2. Existing Licenses: List and details of any existing licenses or agreements affecting the patent

3. Revenue Sharing Formula: Detailed calculations and mechanisms for sharing revenue from patent exploitation

4. Decision Making Matrix: Detailed matrix showing required approvals for different types of decisions

5. Maintenance Schedule: Schedule of patent maintenance fees and deadlines

6. Authorized Representatives: List of authorized representatives for each co-owner and their authority levels

7. Valuation Methodology: Agreed methodology for valuing patent rights for transfer purposes