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Assignment Of Invention Agreement

Assignment Of Invention Agreement Template for Austria

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Key Requirements PROMPT example:

Assignment Of Invention Agreement

"I need an Assignment of Invention Agreement under Austrian law for a software engineer transferring their rights in a new cloud computing algorithm to our company, with the transfer to be effective from March 1, 2025."

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Document background
The Assignment Of Invention Agreement is a crucial document used when transferring ownership rights of an invention from one party to another under Austrian law. This agreement is commonly used in scenarios where employees, independent inventors, or research institutions need to transfer their invention rights to companies or other entities. The document must comply with specific requirements under the Austrian Patent Act (Patentgesetz) and Civil Code (ABGB), particularly regarding the formalities of assignment and registration. It includes detailed descriptions of the invention, terms of transfer, consideration, and ongoing obligations of the parties. This agreement is essential for establishing clear ownership rights and ensuring the assignee can properly commercialize and protect the invention through patent applications and enforcement actions.
Suggested Sections

1. Parties: Identification of the Assignor (inventor) and Assignee, including full legal names and addresses

2. Background: Context of the invention and the purpose of the assignment

3. Definitions: Key terms including 'Invention', 'Intellectual Property Rights', 'Technical Documentation', and other relevant terms

4. Assignment: Core provision transferring all rights, title, and interest in the invention from Assignor to Assignee

5. Consideration: Details of payment or other consideration for the assignment

6. Representations and Warranties: Assignor's warranties regarding ownership, right to assign, and non-infringement

7. Cooperation: Assignor's obligations to assist with patent applications and enforcement

8. Confidentiality: Obligations regarding confidential information related to the invention

9. Taxes and Costs: Responsibility for taxes, registration fees, and other costs

10. Governing Law: Specification of Austrian law as governing law and jurisdiction

11. Entire Agreement: Standard integration clause confirming the complete agreement between parties

Optional Sections

1. Employee Invention Provisions: Additional provisions required when the inventor is an employee, addressing requirements under Austrian Employee Invention Act

2. Multiple Inventors: Additional provisions for cases involving multiple inventors

3. Future Improvements: Provisions regarding rights to future improvements or modifications to the invention

4. Export Control: Provisions dealing with export control regulations when the invention has international implications

5. Non-Competition: Restrictions on Assignor's future activities related to the invention

6. Assignment of Priority Rights: Specific provisions for transferring priority rights if patent applications are pending

7. Third Party Rights: Provisions addressing any existing licenses or third-party rights

Suggested Schedules

1. Schedule 1 - Invention Description: Detailed technical description of the invention including drawings, specifications, and any existing patent applications

2. Schedule 2 - Patent Applications: List of any existing patent applications or patents related to the invention

3. Schedule 3 - Technical Documentation: List of all technical documents, drawings, and other materials being transferred

4. Schedule 4 - Consideration Details: Detailed breakdown of payment terms, including any milestone payments or royalties

5. Schedule 5 - Prior Rights: List of any existing rights, licenses, or encumbrances affecting the invention

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

























Clauses

























Relevant Industries

Technology

Biotechnology

Pharmaceuticals

Manufacturing

Engineering

Chemical Industry

Software Development

Medical Devices

Electronics

Automotive

Aerospace

Clean Energy

Telecommunications

Industrial Automation

Research & Development

Relevant Teams

Legal

Research and Development

Intellectual Property

Innovation

Technology Transfer

Product Development

Engineering

Scientific Affairs

Contracts Administration

Patent Administration

Relevant Roles

Chief Technology Officer

Research Director

Patent Attorney

Legal Counsel

Intellectual Property Manager

R&D Manager

Innovation Director

Technology Transfer Officer

Research Scientist

Product Development Manager

Senior Engineer

Technical Director

Chief Scientific Officer

IP Counsel

Contract Manager

Technology Licensing Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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