Create Your Intellectual Property Agreement For Free
Complete Online Form
Sign & Make It Legal
One of the primary ways that you can sell or acquire intellectual property is through assignment. This Intellectual Assignment of Intellectual Property is used to assign intellectual property. Assigning intellectual property is the transfer of the rights of that intellectual property from one party to another, usually for monetary consideration. Whether you are starting a business or running a business, intellectual property is a significant piece of your business’s value. It is important to ensure that the terms of any assignment of intellectual property is clear at any stage of your business or career.
Use this Intellectual Property Agreement if:
- You would like to assign intellectual property to another person or company; or
- You would like to be assigned intellectual property from another person or company.
What does the Assignment of Intellectual Property cover?
- Assignment fee and assigment date;
- The rights and obligations of the Assignor and Assignee; and
- Payment, warranties, indemnities and GST.
Other names for Assignment of Intellectual Property include:
- IP Agreement;
- Intellectual Property Agreement;
- IP Assignment Agreement; and
- IP Contract.
What intellectual property rights can be transferred?
If an owner of a registered patent, trade mark, design, or plant breed, wishes to transfer their intellectual property ownership rights to another person or persons, they may do so in accordance with the relevant Intellectual property laws.
Is the creator of intellectual property always the owner?
The creator of intellectual property is not always the owner, as they may wish to sell or transfer their ownership rights to another person or persons. If the intellectual property was created in the course of their employment, often the ownership rights are of the employer.
Does an intellectual property assignment agreement apply internationally?
No, the intellectual property assignment would only apply in the country specified in the assignment agreement.
Do intellectual property assignment agreements expire?
Depending on the type of intellectual property that has been registered (patent, trademark, design, or plant breed), the ownership rights would have an expiry date. The expiry date is calculated from the day in which the original owner has applied for an Intellectual property registration, also known as the ‘priority date’.
Want A Lawyer To Draft Your Intellectual Property Agreement?
Get a Quick Quote
Let us find you a lawyer who can draft a Intellectual Property Agreement specific to your needs. Our Quick Quotes technology saves you time and gives you fixed-price quotes from over 700+ expert lawyers.
1. Submit quote request
Fill out the quote request form. Provide as much detail as possible so we can source you the most accurate quotes.
2. Compare Fixed-Price Quotes
Save time shopping around town. You will receive fixed-price quotes from our 700+ expert lawyers.
3. Hire the Best Lawyer
Once you've engaged the lawyer of your choice they will begin work on your job.
Submit Quote Request
Receive Fixed-Price Quotes
Connect With Your Lawyer
LawPath provides legal documents for:
Corporate & Enterprise