Articles in this chapter
Article 7
Each of the joint owners of a single invention may, without the need to obtain the consent of the other owners, transfer his share or place it as collateral or any other type of security.
Note 1 — Where one of the co-owners wishes to transfer his share of the registered invention to another person, he must announce his offer of sale to the other co-owners; where a purchase offer exists at an equal amount as between the buyer and one of the co-owners, priority of purchase lies with that co-owner for a period of fifteen days; and where the price offered by the buyer is higher than the price offered by the co-owners, priority of purchase at the amount of the buyer's offered price lies with the other co-owners for a period of five days.
Note 2 — Each of the joint owners individually, or all of them jointly, may have recourse to the competent judicial authority in respect of infringement of the rights referred to in this Act.
Note 3 — Where some of the co-owners oppose the exploitation of the invention, the other co-owner or co-owners may request the competent judicial authority to compel the refusing co-owners and, upon payment of fair consideration for their share of the profits arising from exploitation, may use the invention.
Frequently asked
Article 7 · in plain terms
Can one co-owner sell their share of a patent in Iran?
Yes, without the other owners' consent — but the other co-owners have a right of first refusal: fifteen days where the price is equal, and five days where a purchaser has offered a higher price.