RULES OF ENGAGEMENT

Before listing a property with Medical Patents Broker Inc., any potential seller of intellectual property must read and agree to the following:

Name of Potential Seller/Owner of Intellectual Property(Required)
Company
Address of Potential Seller's Principal Place of Business(Required)
Name of Person Qualified to Contract for the Seller(Required)
Email of Qualified Person(Required)
Please Read:(Required)
1. Medical Patents Broker Inc. (MPB) has the final decision regarding a listing of any intellectual property on its website.
2. MPB specializes in sales and licensing negotiations of medically related patents.
3. Before any intellectual property is listed by MPB, one or more MPB evaluators will determine the merits of listing said property on MPB’s website. MPB’s lead evaluator is a patent attorney with over thirty-five years of experience.
4. To be listed for sale or licensing, the Medical Patent or Exceptional Medical Patent Application must disclose more than what MPB considers small differences relative to the comparative prior art patents and US Public Patent Applications.
5. For a Medical Patent to be listed for sale or licensing, the MPB evaluation must conclude that the Medical Patent has a reasonable probability of improving health for the intended users of the product claimed in the Medical Patent.
6. For any US Exceptional Medical Patent Application listed for sale or licensing, the MPB evaluation must conclude that the US Exceptional Medical Patent Application has a reasonable probability of improving health for the intended users of the product claimed in the US Exceptional Medical Patent Application.
7. At its discretion, MPB may list any intellectual property for sale or licensing in the Eclectic Intellectual Property Portal.
8. At its discretion, MPB may require one or more conferences with the owner of the Medical Patent, US Exceptional Medical Patent Application or other intellectual property before listing the Medical Patent, US Exceptional Medical Patent Application or other intellectual property.
9. When listing the Medical Patent, US Exception Medical Patent Application or other intellectual property with MPB, the Owner shall list the Medical Patent, US Exceptional Medical Patent Application or other intellectual property with MPB for a term of at least three years.
10. If the Owner of the Medical Patent, US Exceptional Medical Patent Application or other intellectual property sells the listed intellectual property during the term of the Brokerage Agreement or within six months subsequent to expiration of the MPB listing, the Owner of the Medical Patent, US Exceptional Medical Patent Application or other intellectual property shall pay MPB its commission due for having listed the intellectual property.
11. If the Owner of the Medical Patent, US Exceptional Medical Patent Application or other intellectual property licenses the Medical Patent, US Exceptional Medical Patent Application or other intellectual property during the term of the Brokerage Agreement or within six months subsequent to expiration of the MPB listing, the Owner of the US Medical Patent, US Exceptional Medical Patent Application or other intellectual property shall pay MPB its flat fee due for having listed the intellectual property.
12. For successfully negotiating a license of the Owner’s Medical Patent, US Exceptional Medical Patent Application or other intellectual property, the Owner shall pay MPB a flat fee of USD $150,000.00 per license.
13. For selling the Owner’s Medical Patent, US Exceptional Medical Patent Application or other intellectual property, the Owner shall pay MPB a commission in US dollars of the gross sales price of the intellectual property sold as follows:
o Five Percent (5%) of the portion of the gross sales price between One Cent ($0.01) (USD) and Two Million Dollars $2,000,000.00 (USD);
o Four Percent (4%) of the portion of the gross sales price between Two Million Dollars and One Cent ($2,000,000.01) (USD)and Four Million Five Hundred Thousand ($4,500,000.00) Dollars (USD); and
o Three Percent (3%) for the portion of the gross sales price over Four Million Five Hundred Thousand Dollars and One Cent ($4,500,000.01) (USD).
Purchasing Process Agreement(Required)
Before the consummation of any sale or executed license agreement, MPB will temporality hold the assignment(s) or license(s) of the Patent(s), Exceptional US Patent Applications or Eclectic Intellectual Properties to be sold or licensed. The buyer’s funds to purchase the Patent or any initial Licensee payment to Licensor and MPB fees will be temporarily placed in the buyer’s sub-escrow account of a well-established large US bank. At the consummation of the sale or license agreement, the assignment(s) or license(s) will be transferred to the buyer and the escrowed funds, less MPB’s commission, will be transferred to the seller and/or licensor.