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Assignment Of Inventions Agreement Template for Austria

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Key Requirements PROMPT example:

Assignment Of Inventions Agreement

"I need an Assignment of Inventions Agreement under Austrian law for our software engineer who developed a new AI algorithm during employment, including provisions for future improvements and ongoing technical support until March 2025."

Document background
The Assignment of Inventions Agreement is essential for organizations and individuals operating under Austrian jurisdiction who need to transfer ownership rights of inventions. This document is particularly relevant when employees develop inventions during employment, when companies acquire intellectual property rights, or during corporate restructuring. The agreement ensures compliance with Austrian Patent Law, Labor Law, and the Employee Invention Act, while addressing mandatory compensation requirements and notification obligations. It includes comprehensive provisions for the transfer of current and future rights, confidentiality obligations, and necessary technical documentation. This type of agreement is crucial for protecting both the assignor's and assignee's interests while maintaining legal certainty in invention transfers within Austria.
Suggested Sections

1. Parties: Identification of the assignor and assignee, including full legal names and addresses

2. Background: Context of the agreement, relationship between parties, and purpose of the assignment

3. Definitions: Definitions of key terms including 'Invention(s)', 'Intellectual Property Rights', 'Documentation', and other relevant terms

4. Subject Matter of Assignment: Detailed description of the invention(s) being assigned

5. Assignment and Transfer: Express provisions for the transfer of rights, including present and future rights

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

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

8. Further Assurance: Obligations to execute additional documents and assist with patent applications

9. Confidentiality: Provisions for maintaining confidentiality of the invention and related information

10. Data Protection: Compliance with Austrian Data Protection Act and GDPR requirements

11. Governing Law and Jurisdiction: Specification of Austrian law and jurisdiction for disputes

12. Execution: Signature blocks and execution requirements

Optional Sections

1. Employee Rights: Required when assignor is an employee, addressing specific rights and compensation under Austrian Labor Law

2. Future Improvements: Optional section covering rights to future improvements or modifications to the invention

3. Competition Restrictions: Used when including non-compete or non-solicitation provisions

4. Third Party Rights: Required when the invention involves or affects third party rights

5. Patent Prosecution: Optional section detailing responsibilities for patent application and maintenance

6. Royalty Provisions: Used when the assignment includes ongoing royalty payments

7. Severability: Optional clause addressing the severability of provisions under Austrian law

Suggested Schedules

1. Schedule 1 - Technical Description: Detailed technical description and specifications of the invention(s)

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

3. Schedule 3 - Payment Terms: Detailed payment schedule and calculation methods if applicable

4. Schedule 4 - Related Rights: List of related intellectual property rights included in the assignment

5. Appendix A - Invention Disclosure: Complete disclosure documentation of the invention

6. Appendix B - Prior Rights: Documentation of any pre-existing rights or obligations 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

Relevant legal definitions



































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Relevant Industries

Technology

Biotechnology

Pharmaceutical

Engineering

Manufacturing

Research and Development

Software Development

Chemical Industry

Electronics

Medical Devices

Automotive

Aerospace

Clean Technology

Telecommunications

Industrial Design

Academic Research

Consumer Products

Relevant Teams

Legal

Research and Development

Intellectual Property

Human Resources

Compliance

Technology Transfer

Innovation

Engineering

Product Development

Patent Administration

Corporate Development

Scientific Affairs

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

Chief Legal Officer

Compliance Officer

HR Director

Technical Director

Engineering Manager

Inventor

Principal Investigator

Laboratory Director

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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