Federal · Title 26 — Internal Revenue Code
26 U.S.C. § 1235: Sale or exchange of patents
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payable periodically over a period generally coterminous with the transferee’s use of the patent, or contingent on the productivity, use, or disposition of the property transferred. any individual whose efforts created such property, or the employer of such creator, nor related to such creator (within the meaning of subsection (c)). the phrase “25 percent or more” shall be substituted for the phrase “more than 50 percent” each place it appears in section 267(b) or 707(b), and paragraph (4) of section 267(c) shall be treated as providing that the family of an individual shall include only his spouse, ancestors, and lineal descendants. For special rule relating to nonresident aliens, see section 871(a).
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