The IP Assignment Contract is a crucial legal instrument used in Saudi Arabia when transferring ownership of intellectual property rights between parties. This document is essential in various business contexts, including company acquisitions, employee inventions, research collaborations, and technology transfers. The contract must be structured to comply with Saudi Arabia's IP legal framework, including the Law of Patents, Trademark Law, and Copyright Law, while adhering to Sharia principles. An IP Assignment Contract typically includes detailed descriptions of the intellectual property being transferred, warranties of ownership and non-infringement, consideration terms, and provisions for registration with relevant Saudi authorities. It's particularly important in ensuring clear chain of title for IP assets and protecting both assignor and assignee interests under Saudi jurisdiction.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification of the Assignor and Assignee with full legal names and addresses
2. Background: Context of the IP assignment, relationship between parties, and purpose of the transfer
3. Definitions: Definitions of key terms used throughout the agreement, including specific IP-related terminology
4. Subject Matter of Assignment: Clear identification and description of the IP being assigned
5. Assignment: The operative provisions transferring all rights, title, and interest in the IP from Assignor to Assignee
6. Consideration: Details of payment or other consideration for the IP assignment
7. Representations and Warranties: Assignor's warranties regarding ownership, right to assign, and non-infringement of the IP
8. Further Assurances: Obligations to execute additional documents and take necessary steps to perfect the assignment
9. Governing Law and Jurisdiction: Specification of Saudi Arabian law as governing law and jurisdiction for disputes
10. Execution: Signature blocks and execution requirements compliant with Saudi law
1. Moral Rights: For copyright assignments, specific provisions regarding the treatment of moral rights under Saudi law
2. Registration and Recordal: Procedures for recording the assignment with relevant Saudi IP offices, used when IP is registered
3. Confidentiality: Provisions for maintaining confidentiality of sensitive information, used when IP includes trade secrets
4. Tax Provisions: Specific tax-related provisions, used when assignment has significant tax implications
5. Existing Licenses: Provisions dealing with existing licenses or encumbrances, used when IP is currently licensed to third parties
6. Protection of IP: Provisions for ongoing protection and enforcement of IP rights, used for complex IP portfolios
7. Survival: Provisions specifying which terms survive completion of the assignment, used for complex transactions
1. Schedule of Intellectual Property: Detailed description of all IP being assigned, including registration numbers and status
2. Schedule of Existing Licenses: List and details of any existing licenses or encumbrances affecting the IP
3. Schedule of Payment Terms: Detailed payment schedule and terms if consideration is complex or involves installments
4. Schedule of Required Registrations: List of registrations and recordals required in various jurisdictions
5. Form of Recordal Applications: Templates for applications to record the assignment with relevant Saudi IP offices
Find the exact document you need
IP Assignment Contract
A contract governed by Saudi Arabian law that transfers ownership of intellectual property rights from one party to another, ensuring compliance with local IP regulations and Sharia principles.
Download
Assignment Of Intellectual Property Rights
A legally binding agreement for transferring intellectual property rights between parties under Saudi Arabian law, ensuring compliance with both Sharia principles and modern IP regulations.
Download
IP Rights Transfer Agreement
A Saudi law-governed agreement for transferring intellectual property rights between parties, ensuring compliance with local regulations and Sharia principles.
Download
Patent Assignment Form
A Saudi Arabian law-compliant document for transferring patent rights from one party to another, meeting SAIP requirements and local regulations.
Download
Copyright Assignment Form
A legal document under Saudi Arabian law that transfers complete copyright ownership from one party to another, compliant with local Copyright Law and Sharia principles.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)