The Intellectual Property Contribution And Assignment Agreement is essential when transferring ownership of intellectual property assets in the United States. This document is commonly used during company acquisitions, employee onboarding, contractor engagements, or when consolidating IP rights. It provides a comprehensive framework for transferring various types of intellectual property, including patents, copyrights, trademarks, and trade secrets, while ensuring compliance with U.S. federal IP laws and state-specific regulations. The agreement protects both parties by clearly defining the scope of IP being transferred, establishing warranties of ownership, and setting forth the terms of consideration.
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1. Parties: Identification of the contributing party and receiving party
2. Background: Context of the IP contribution and relationship between parties
3. Definitions: Key terms including Intellectual Property, Contributions, Effective Date
4. Assignment and Transfer: Core provisions detailing the IP being assigned and transferred
5. Representations and Warranties: Contributor's assertions regarding ownership and right to transfer
6. Consideration: Details of payment or other consideration for the IP transfer
7. General Terms: Standard contractual provisions including governing law, notices, and amendments
1. Prior Inventions: Exclusions for pre-existing IP owned by the contributor that are not part of the transfer
2. Future Developments: Provisions covering IP created after the agreement execution date
3. Non-Competition: Restrictions on competitive activities by the contributor
4. Cooperation in IP Registration: Obligations to assist in registering or protecting transferred IP rights
5. Moral Rights Waiver: Waiver of any moral rights in jurisdictions where applicable
1. Schedule A - Description of Intellectual Property: Detailed list and description of all IP being transferred under the agreement
2. Schedule B - Prior Inventions: List of excluded pre-existing IP retained by the contributor
3. Schedule C - Payment Terms: Detailed consideration and payment schedule if applicable
4. Appendix 1 - Form of Assignment: Template assignment documents for specific IP types (patents, trademarks, etc.)
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