How am I supposed to be compensated about royalty percentage paid if I am transferring my patent? 1 Answers as of October 21, 2014

I'm transferring my US utility patent (health device for ambulances) to a small manufacturing company. He is going to pay me a very small money portion for the transfer, but still didn't talk about the per cent. I deduce that this royalty is perpetual. Am I forgetting something else I also should be entitled to?

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Webb IP Law Group
Webb IP Law Group | Jason P Webb
It should all be clearly spelled out in your agreement. If it is not, there is something wrong.
Answer Applies to: Utah
Replied: 10/21/2014
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