+84(4) 3652 2374

Assignment & Licenses

contractASSIGNMENT AND LICENSE CONTRACTS

Assignment and license contracts must be in writing and must be signed by the parties to the contract.

An assignment contract includes at least the following contents:

  • The full names and addresses of the contracting parties;
  • Identification of all patents as well as related patents specifically excluded;
  • Term of payment including price;
  • Obligations and rights of the contracting parties.

There are three types of licenses, namely exclusive, non-exclusive and sub-license. The content of license contract at least includes:

  • The full names and addresses of the contracting parties;
  • Identification of all patents as well as related patents specifically excluded;
  • Type of license;
  • Scope of license, in particular, the territorial limits and the rights are being licensed;
  • Termination of the contract;
  • Term of payment including price;
  • Obligations and rights of the contracting parties.

The assignment/license contracts is only effective to a third party upon recordal of these contracts with the NOIP.