In a technology company, the value of the intellectual property (IP) assets is frequently financed or paid for by the investor or purchaser. Any intellectual property that is essential to the effectiveness and success of your business must have “clean” ownership. An investor will conduct due diligence to understand your right to use certain key IP assets if your products and services rely on them. An intellectual property assignment agreement assures investors that the intellectual property needed to run the business has been legally transferred to the company by the founders.
10+ Intellectual Property Assignment Samples
The method by which ownership of work product created for an entity by an employee or consultant is transferred to the entity is referred to as intellectual property (IP) assignment. This is usually accomplished by having an employee or consultant sign a contract that includes a clear assignment of IP created during their time with the company. This is commonly referred to as a Confidentiality and Inventions Assignment Agreement (CIIAA) or a Proprietary Information and Inventions Assignment Agreement (PIIAA) by employees (PIIAA).
1. Intellectual Property Assignment Template
2. Confidentiality Intellectual Property Assignment
3. University Intellectual Property Assignment
4. School Intellectual Property Assignment
5. Deed of Intellectual Property Assignment
6. Intellectual Property Assignment Agreement
7. Assignment of Intellectual Property
8. Company Intellectual Property Assignment
9. Assignment of Intellectual Property Rights
10. Student Assignment of Intellectual Property
11. Disclosure and Assignment of Intellectual Property
Type of Intellectual Property Assignment Agreement
- Technology Assignment Agreement – This assigns any intellectual property to your startup before you form it. Individual intellectual property rights may be retained by the developer(s) in certain circumstances. As a result, they may sell you the rights for equity or cash.
- Invention Assignment Agreement – This assigns any intellectual property to your startup before you form it. Individual intellectual property rights may be retained by the developer(s) in certain circumstances. As a result, they may sell you the rights for equity or cash.
Key Clauses of Intellectual Property Assignment Agreement
- Assignment Clause – Employees must assign their inventions to your company in order to do so. You will have complete ownership of the intellectual property as a result of this. This could be limited to only employee inventions. It could be expanded to include anything created by the employee.As a result, your IP attorney should include the following assignment clause in your IP contract:
– The task in question
– The assignment’s due date
– IP that has already been acquired
– “Everything is required.”
– Moral Rights are the rights that everyone has.
– Confidentiality and Trust of Third Parties
- Warranty Clause – The following warranties should be included in the IP agreement by your IP lawyer:
The Assignor certifies and represents that:
– It is the property’s sole and exclusive owner.
– It has the power to assign the Property in its entirety.
– The Assignor has not granted any third party any right, title, or interest in the Property;
– It has obtained permission to infringe on every author of the Property’s Moral Rights.
– No Intellectual Property or Moral Rights are infringed upon by the Property.
– The Assignor owes no other obligations to anyone other than the parties to the Agreement.
– Clause of Power of Attorney
This clause can be added to the contract. This is so that the company can manage the ownership rights without having to rely on the employee. This is true whether or not the employee is willing and capable of assisting.
Can intellectual property be assigned?
An assignment essentially transfers the IP title for the duration of the assignment. Once rights have been validly assigned, the assignee can treat the IP as if it were his or her own and can reassign or exploit the assigned rights in any way.
Does an IP assignment need to be a deed?
It’s worth debating whether an assignment, mortgage, or charge by deed should be completed. Despite the fact that such transactions do not require a deed, the parties can agree to carry them out in this manner.
If you want to see more samples and formats, check out some intellectual property assignment samples and templates provided in the article for your reference.
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