Oral Contract,Partnership,Patent
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?
By  Sameer Kedia  |  28 May 2016  |  Upvotes: 0  | 

1 Answer(s)

Ravindra Purohit

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.

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