What liability does a patent transfer party bear for breach of contract?

Patent transfer refers to a contract in which the patentee, as the transferor, transfers the ownership or holding rights of his invention patent to the transferee, and the transferee pays the agreed price. The party who obtains the Patent right through a patent rights transfer contract becomes a new legal patentee and can also enter into a patent transfer contract or a patent implementation license contract with others. What liability does the party involved in patent transfer bear for breach of contract? Below, in order to help everyone better understand the relevant legal knowledge, the editor of Legal Savior Network has compiled relevant content. I hope it will be helpful to you.

What liability does the patent transfer party bear for breach of contract

The transferor of the patent rights transfer contract does not perform the contract and delays the transfer of the patent rights. If the transferee fails to perform the contract or delays payment of the price, liquidated damages and losses shall be paid.

The transfer will not be processed if it is overdue for two months If the patent right transfer procedure is completed, or the transferee fails to pay the price for two months overdue, the other party has the right to terminate the contract, and the party that violates the contract shall compensate the loss caused to the other party.

"Patent Law"

Article 10 The right to apply for a patent and the patent right may be transferred.

Chinese entities or individuals that transfer patent application rights or patent rights to foreigners, foreign enterprises or other foreign organizations must go through the procedures in accordance with relevant laws and administrative regulations.

When transferring patent application rights or patent rights, the parties shall enter into a written contract and Register with the Patent Administration Department of the State Council, which shall make an announcement. The transfer of patent application rights or patent rights shall take effect from the date of registration.

I believe that after reading the above introduction, you have a certain understanding of the legal knowledge on how to solve the responsibilities that need to be paid attention to. If you still have some questions about this For any legal questions, please consult the lawyers on the Legal Savior Network, and they will provide you with professional answers.