Query regarding Claim in Oral Contract

If I make a patent for my invention is it possible to claim my orally agreement ed materials or i can claim royalty only?

Answer (1)

Team Legistify

Team Legistify

  • Sector-1, Noida

Oral agreements are valid. Yes, do patent your invention as soon as possible. Yes, you shall be able to claim your royalty once you prove the substance of the oral agreement.For share of the profit, you are entitled to the same as per your partnership understanding with your partner.

Answered on 28 Sep 2018

Was this answer helpful?

Didn't find the answer you are looking for?

Talk to experienced lawyer online and get your answered in minutes.

Advocate Prashant Kanaiyalal VadherAdvocate Vijay BelavadiAdvocate Shyamsunder MishraAdvocate Victor Antony Noone+50