What are the precautions in the patent transfer procedure?

Legal analysis: Matters needing attention in the patent transfer procedure are as follows: 1. Avoid blindly expanding the patent value. The reserve price of patent transfer should be based on the principle of being able to clinch a deal, otherwise the cooperation is likely to fail; 2. avoid being too fast. Patent transfer is a legal procedure. It is suggested that it is best to entrust relevant professionals in the industry to carry out relevant operations, and do not sign contracts at will.

Legal basis: Article 10 of the Patent Law of People's Republic of China (PRC), the patent application right and patent right can be transferred. Where a unit or individual in China transfers the right to apply for a patent or the patent right to a foreigner, foreign enterprise or other foreign organization, it shall go through the formalities in accordance with the provisions of relevant laws and administrative regulations. Where the right to apply for a patent or the patent right is transferred, the parties concerned shall conclude a written contract and register it with the patent administration department of the State Council, which shall make an announcement. The transfer of the right to apply for a patent or the patent right shall take effect from the date of registration.