The Assignment Of Future Intellectual Property Rights agreement is a crucial document used in the UAE when organizations or individuals need to secure rights to intellectual property that will be created in the future. This agreement is particularly relevant in employment relationships, research collaborations, development projects, and consulting arrangements where IP creation is anticipated. The document, governed by UAE Federal Laws, provides a framework for the automatic transfer of IP rights upon their creation, eliminating the need for subsequent assignments. It addresses various types of intellectual property including patents, copyrights, industrial designs, and trade secrets, while ensuring compliance with UAE's IP legislation and international conventions. The agreement is essential for businesses operating in the UAE's innovation-driven economy and helps prevent future disputes over IP ownership.
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1. Parties: Identification of the Assignor and Assignee, including full legal names, addresses, and registration details if companies
2. Background: Context of the assignment, relationship between parties, and purpose of the agreement
3. Definitions: Detailed definitions of key terms, particularly 'Intellectual Property Rights', 'Future Rights', 'Created Works', and 'Effective Date'
4. Scope of Assignment: Detailed description of the types of future IP rights being assigned and when they come into existence
5. Consideration: Details of payment or other consideration for the assignment of future IP rights
6. Timing and Trigger Events: Specification of when and how the assignment of future rights takes effect
7. Assignor's Obligations: Obligations to disclose new IP, assist with registration, and execute additional documents
8. Warranties and Representations: Assignor's warranties regarding ownership, right to assign, and non-infringement
9. Protection and Enforcement: Provisions for protecting and enforcing the assigned IP rights
10. Confidentiality: Obligations regarding confidential information related to the future IP
11. Term and Termination: Duration of the agreement and circumstances for termination
12. Governing Law and Jurisdiction: Specification of UAE law and jurisdiction for disputes
13. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Moral Rights: For copyright works, provisions regarding waiver or assertion of moral rights under UAE law
2. Revenue Sharing: Optional provisions for sharing revenue from commercialization of the assigned IP
3. Third Party Rights: Provisions addressing potential third-party rights or licenses
4. Competition Restrictions: Non-compete provisions related to the assigned IP (if applicable)
5. Technology Transfer: Provisions for transferring associated technology or know-how
6. Training and Support: Obligations for training or supporting the Assignee in using the IP
7. Insurance: Requirements for insurance coverage related to IP infringement
1. Schedule 1 - Types of Future IP: Detailed categorization and description of the types of future IP rights covered
2. Schedule 2 - Payment Terms: Detailed payment structure, including any milestone payments or royalties
3. Schedule 3 - Assignment Form: Template form for executing specific assignments as future IP comes into existence
4. Schedule 4 - Existing IP: List of any existing IP rights that relate to or could affect the future IP
5. Appendix A - Technical Field Definition: Detailed definition of the technical field or scope within which future IP will be created
6. Appendix B - Registration Requirements: Specific requirements for registering different types of IP rights in the UAE
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