Home Cosmetic Science Talk Formulating Release of Ownership of Formulation for Client

  • Release of Ownership of Formulation for Client

    Posted by LynnK on January 14, 2019 at 6:07 pm

    Hello All,

    I’m new here and in the world of starting my own formulation business. I’ve formulated a pain relief gel for a client and he’s very pleased. He’s now requesting a “Release of Ownership for Formulation” for me to sign and submit to him. I don’t mind giving him the rights to the formula.

    What is this form? Is there a form online I can use, tweak, and sign? Has anyone signed this form before? Thanks!

    markbroussard replied 5 years, 1 month ago 4 Members · 4 Replies
  • 4 Replies
  • oldperry

    Member
    January 14, 2019 at 8:59 pm

    I don’t know a specific form although you could probably just write something with your own letterhead to the affect that you give up ownership then sign it. 

    However, a “pain relief gel” would be considered a drug, so I hope your client realizes this and that you followed FDA guidelines for developing OTC drugs.

    https://www.fda.gov/Cosmetics/ResourcesForYou/Industry/ucm388736.htm

    Most importantly… “If, however, your products are drugs, or both cosmetics and drugs, they must meet the requirements for drug registration. “

  • LynnK

    Member
    January 15, 2019 at 12:22 pm

    Hello Perry

    Thanks for your comment! Yes, I’ve mentioned to him all the FDA regulation information for the gel.  

  • dr-catherine-pratt

    Member
    January 19, 2019 at 1:37 pm

    What are the active ingredients that provide the pain relief? then we can help you a bit more.

  • markbroussard

    Member
    January 19, 2019 at 1:47 pm

    There is no such “form” … you will need to have an attorney draft an agreement.

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