Option Agreement for Purchase of Patent Rights

Grant another party an option to purchase your rights in a patent with this Option Agreement for Purchase of Patent Rights.

• The inventor (Grantor) grants the other party (Grantee) an exclusive option to purchase all of the Grantor's right, title and interest in and to the patent and the invention throughout the world.
• In consideration for the option, the Grantee will pay a non-refundable one-time option fee.
• This is a generic agreement which is not specific to any country or region.

The Option Agreement for Purchase of Patent Rights template is available in Microsoft Word format.