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The Patent Co-Ownership Agreement is essential when multiple parties share ownership rights in a patent or patent application in Belgium. This document becomes necessary in various scenarios, such as joint research projects, collaborative innovations, or when patents are assigned or transferred to multiple parties. The agreement, governed by Belgian law and compliant with EU regulations, provides a comprehensive framework for managing shared patent rights, including decision-making processes, cost sharing, commercialization rights, and revenue distribution. It addresses critical aspects such as patent prosecution, maintenance, licensing, enforcement, and dispute resolution, while considering Belgian intellectual property laws and international patent conventions. This type of agreement is particularly crucial in preventing future disputes and ensuring efficient patent exploitation in collaborative innovation scenarios.
