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Technology Assignment Agreement Template for Austria

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Key Requirements PROMPT example:

Technology Assignment Agreement

"I need a Technology Assignment Agreement under Austrian law for transferring ownership of our AI-powered predictive maintenance software, including all associated patents and source code, from our Vienna-based startup to a major manufacturing company, with completion planned for March 2025."

Document background
The Technology Assignment Agreement is a crucial document used when transferring ownership of technology assets from one entity to another under Austrian law. This agreement is typically employed in scenarios such as company acquisitions, technology sales, or reorganizations where complete transfer of technology ownership is required. It addresses all aspects of the technology transfer, including intellectual property rights, technical documentation, know-how, and related materials. The document ensures compliance with Austrian legal requirements, including the Civil Code (ABGB), Patent Act, Copyright Act, and Employee Inventions Act. It's particularly important for protecting both parties' interests and ensuring a clear and complete transfer of all rights and obligations associated with the technology.
Suggested Sections

1. Parties: Identification of the Assignor and Assignee with full legal details

2. Background: Context of the technology development and purpose of the assignment

3. Definitions: Key terms including Technology, Intellectual Property Rights, Documentation, and Technical Information

4. Assignment: Core provisions detailing the transfer of rights and technology

5. Consideration: Payment terms and conditions for the technology assignment

6. Delivery and Implementation: Process and timeline for transferring the technology and associated materials

7. Representations and Warranties: Assignor's confirmations regarding ownership, right to assign, and technology characteristics

8. Confidentiality: Obligations regarding confidential information protection

9. Further Assurance: Obligations to execute additional documents and provide assistance

10. Governing Law and Jurisdiction: Specification of Austrian law application and dispute resolution

11. General Provisions: Standard boilerplate clauses including notices, entire agreement, and severability

Optional Sections

1. Employee Inventions: Required when the technology was developed by employees, addressing requirements under Austrian Employee Inventions Act

2. Future Improvements: Optional section dealing with rights to future modifications and improvements

3. Third Party Rights: Required when the technology incorporates or depends on third-party components

4. Data Protection: Required when the technology involves personal data processing

5. Training and Support: Optional section for cases where technical training or support is part of the assignment

6. Non-Competition: Optional restrictions on Assignor's future activities, subject to Austrian competition law

7. Tax Provisions: Required for international assignments or complex tax implications

8. Export Control: Required when the technology is subject to export control regulations

Suggested Schedules

1. Schedule 1 - Technology Description: Detailed technical description of the assigned technology

2. Schedule 2 - Intellectual Property Rights: List of patents, copyright registrations, and other formal IP rights

3. Schedule 3 - Technical Documentation: List of all documentation, manuals, and technical materials included

4. Schedule 4 - Payment Schedule: Detailed breakdown of payment terms and milestones

5. Schedule 5 - Delivery Protocol: Specific procedures and requirements for technology transfer

6. Appendix A - Third Party Licenses: Copies or details of relevant third-party licenses

7. Appendix B - Employee Confirmations: Required confirmations from involved employees under Austrian law

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

Information Technology

Software Development

Biotechnology

Manufacturing

Automotive

Electronics

Telecommunications

Research and Development

Pharmaceuticals

Medical Devices

Clean Technology

Artificial Intelligence

Industrial Automation

Consumer Electronics

Defense Technology

Relevant Teams

Legal

Intellectual Property

Research and Development

Innovation

Commercial

Technology Transfer

Corporate Development

Patent

Information Technology

Product Development

Relevant Roles

Chief Technology Officer

Head of Legal

Intellectual Property Counsel

Legal Counsel

Technology Transfer Manager

Research Director

Innovation Manager

Patent Attorney

Commercial Director

Head of Research and Development

Chief Executive Officer

Chief Legal Officer

Technology Licensing Manager

Contracts Manager

Legal Operations 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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