Below are all the legal and contractual definitions for the term “
" found within legal contracts contributed to The Genie Community.
All those below are used by lawyers, in-house legal counsel, startups and business owners alike.
Note: These definitions may differ between geographies, company size and contract category.
all existing and future Future facing aspects may not be appropriate, particularly if the founder IP assignment is to be aligned with the founder entering into a services agreement (which should contain its own IP assignment provisions) Intellectual Property Rights that have been (or will be) created or are otherwise owned by the Assignor that: (i) arose (or will arise) as a result of any work done for the Assignee in his role as founder or in the course of any other engagement with the Assignee; or (ii) are used by the Assignee in its business, in each case This is broadly drafted and may need to be tailored to exclude any founder IP which should not be assigned across. Typically the company (and its investors) will expect a broad definition here. The assignee would need to consider the impact of any carve outs on the intended business of the company irrespective of whether the Intellectual Property Rights were created before or after the formation of the Assignee;
This Founder IP Assignment is intended to be used to assign IP rights created by a founder for the company to the company itself. It will often be required to assign IP created by the founder prior to the founder entering into a formal services agreement with the company, which would otherwise continue to subsist in the founder. This Founder IP Assignment is drafted broadly and is not appropriate for more general IP assignments (see IP Assignment Templates).
any and all Intellectual Property Rights, including all past, present and future rights, that have arisen or will arise in the name of the Assignor as a result of any work done for the Assignee or during the Engagement.
This IP assignment can be used where an Assignor is engaged to develop materials containing Intellectual Property Rights for the Assignee. The key definitions include Assigned Rights, Engagement and the Intellectual Property Rights in question. Consideration of £1 is proposed to ensure the agreement is legally enforceable. Apart from that this is a relatively simple and bare bones agreement.
the Works and all existing and future The Parties should consider whether this assignment should also be future facing (particularly if Works are still being created) Intellectual Property Rights embodied in the Works;
This IP assignment is intended to be used where a company (the assignor) wishes to assign intellectual property rights in works it has created to the assignee. Amendments would be required if the Assignor is an individual. See also separate IP Assignment (Founders) template for initial founder IP assignments. This assignment can be in reference to a previous agreement, for example a consultancy or contractor agreement, whereby you subsequently want to assign the IP of the work. This document is executed as a deed to ensure it is legally binding.
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