What does patent transfer mean?

Legal analysis: patent transfer is a legal act that the patentee enjoys the right to apply for a patent and transfers the right to apply for a patent and the patent right to others. Patent transfer may occur in various situations. For example, if Company A sells its own patent to Company B, then it can transfer the patent. It is also possible that a subsidiary company has applied for a patent and wants to change it into a parent company, and it will also transfer the patent.

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.