Ip assignment agreement
If you feel uneasy about assigning over your IP rights to the company you work for, contact an IP lawyer and have a discussion about your rights.
Assignor further perpetually, irrevocably, and unconditionally assigns, transfers, and conveys to Assignee and its successors and assigns all claims for past, present and future infringement or misappropriation of the Intellectual Property Rights included in the Assigned Property, including all rights to sue for and to receive and recover all profits and damages accruing from an infringement misappropriation prior to the Effective Date as well as the right to grant releases for past infringements.
The Assignor represents and warrants that: Your IP lawyer will be able to explain the importance of these warranties and how they indemnify the Assignee from liability in the event that the Assignor attempts to transfer intentionally or otherwise Intellectual Property that belongs to another party. Bank of China, Buji Sub-branch. If you are the Assignor or Assignee , make sure your IP lawyer reviews or drafts these warranties. At LegalVision, we have a team of excellent IP lawyers who can assist you with all of your IP legal needs, including trademarking, patenting and copyright.
Assignor will take all action and execute all documents as Assignee may reasonably request to effectuate the transfer of the Assigned Property and the vesting of complete and exclusive ownership of the Assigned Property in Assignee. Assignor must not disclose such Confidential Information to third parties. The waiver by any party of a breach of any provision of this Agreement will not operate or be construed as a waiver of any subsequent breach.
This Agreement shall control in the event of a conflict with any other agreement between the Parties with respect to the subject matter hereof. Moral Rights — The Assignor consents to the infringement by the Company of any Moral Rights that the Assignor may have in any of the Property.
The failure of either party to enforce its rights under this Agreement at any time for any period shall not be construed as a waiver of such rights. This Agreement is the entire agreement concerning the subject matter hereof. Assignment Clause There are several important provisions that an IP lawyer should draft into the Assignment Clause, including the following: This Agreement may not be amended or modified unless mutually agreed upon in writing by the parties and no waiver will be effective unless signed by the party from whom such waiver is sought.
The party receiving the interest over the intellectual property is known as the assignee. A breach of this Agreement may result in irreparable harm to Assignee and a remedy at law for any such breach will be inadequate, and in recognition thereof, Assignee will be entitled to injunctive and other equitable relief to prevent any breach or the threat of any breach of this Agreement by Assignor without showing or proving actual damages.
Assignee may assign this Agreement in its discretion. With respect to any dispute arising out of or related to this Agreement, the parties consent to the exclusive jurisdiction of, and venue in, the federal and state courts located in New York County, New York.
Get the same result for a fraction of the cost. Any breach of these restrictions will cause irreparable harm to Assignee and will entitle Assignee to injunctive relief in addition to all applicable legal remedies. This might be in the context of employment or otherwise, but in any case, an Intellectual Property Assignment Agreement is a useful contractual agreement used to facilitate the assignment of IP. This Agreement may not be amended except in writing signed by a duly authorized representative of the respective Parties.