THIS AGREEMENT is made the ______ day of _________, 20___
BETWEEN: [Name of Company] [ACN if Corporation] of [address] (“the Company”)
AND: [Name of Co-owner] [ACN if Corporation]of [address] (“the Co-owner”).
RECITALSA. The Company and the Co-owner are the proprietors of an invention relating to [specify nature of invention] and have at the cost of the company jointly applied for the grant of a patent in respect of the Invention.
B. The Company and the Co-owner wish to define their respective rights and liabilities in the Invention and in any Patent granted pursuant to the Application.