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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.
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