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Assignment Of Intellectual Property Rights Agreement

Assignment Of Intellectual Property Rights Agreement Template for Malaysia

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Assignment Of Intellectual Property Rights Agreement

"I need an Assignment Of Intellectual Property Rights Agreement for transferring a portfolio of 3 registered patents and related technical know-how from my technology startup to a multinational corporation, with the transfer to be completed by March 2025."

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Document background
The Assignment Of Intellectual Property Rights Agreement is a crucial legal document used in Malaysia when transferring ownership of intellectual property from one party to another. This agreement is essential in various scenarios, such as company acquisitions, employee inventions, or technology transfers. It ensures compliance with Malaysian intellectual property laws and regulations, including the Patents Act 1983, Trade Marks Act 2019, and Copyright Act 1987. The document comprehensively covers all aspects of the IP transfer, including detailed descriptions of the intellectual property being assigned, warranties of ownership and non-infringement, consideration for the transfer, and any existing licenses or encumbrances. This type of agreement is particularly important in Malaysia's growing technology and innovation sectors, where clear ownership and transfer of IP rights are crucial for business operations and investment activities.
Suggested Sections

1. Parties: Identifies and provides full details of the assignor and assignee

2. Background: Establishes context, including ownership of the IP rights and intention to transfer

3. Definitions: Defines key terms used throughout the agreement

4. Assignment: Core provision transferring all right, title, and interest in the IP from assignor to assignee

5. Consideration: Specifies the payment or other consideration for the assignment

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

7. Further Assurance: Obligation to execute additional documents and take necessary steps to perfect the assignment

8. Waiver of Moral Rights: Where applicable, waiver of moral rights in copyrighted works

9. Confidentiality: Obligations regarding confidential information related to the IP

10. Governing Law and Jurisdiction: Specifies Malaysian law as governing law and jurisdiction for disputes

11. Entire Agreement: Confirms the agreement represents the entire understanding between parties

Optional Sections

1. Existing Licenses: Details any existing licenses that will continue after assignment

2. Tax Provisions: Specific provisions regarding tax implications and responsibilities

3. Security Interest: If the assignment is being used as security for other obligations

4. Transitional Provisions: Arrangements for smooth transition of IP rights and related matters

5. Competition Compliance: Specific provisions ensuring compliance with competition laws

6. Assignment of Related Rights: For assignment of associated rights like domain names or social media accounts

7. Indemnification: Specific indemnities beyond standard warranties

Suggested Schedules

1. Schedule 1 - IP Rights: Detailed description of all IP being assigned, including registration numbers

2. Schedule 2 - Existing Licenses: List and details of any existing licenses that will remain in force

3. Schedule 3 - Assignment Forms: Specific forms required for recording the assignment with IP offices

4. Schedule 4 - Consideration Details: Detailed breakdown of payment terms and conditions if complex

5. Appendix A - Chain of Title: Documentation showing ownership chain of the IP rights

6. Appendix B - IP Documentation: Copies of registration certificates and other relevant IP documentation

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 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

Pharmaceuticals

Biotechnology

Manufacturing

Software Development

Creative Industries

Research and Development

Education

Media and Entertainment

Consumer Products

Industrial Design

Fashion and Apparel

Healthcare

Automotive

Electronics

Relevant Teams

Legal

Intellectual Property

Research and Development

Innovation

Corporate Development

Technology Transfer

Business Development

Compliance

Patents and Trademarks

Product Development

Relevant Roles

Legal Counsel

Intellectual Property Manager

Chief Technology Officer

Research Director

Innovation Manager

Patent Attorney

Technology Transfer Officer

Business Development Manager

Chief Executive Officer

Research Scientist

Product Development Manager

Intellectual Property Coordinator

Corporate Lawyer

Contract Manager

Chief Legal Officer

Head of Research and Development

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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