Intellectual Property Sharing Agreement Template for Austria

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Key Requirements PROMPT example:

Intellectual Property Sharing Agreement

"I need an Intellectual Property Sharing Agreement for a software company in Vienna sharing proprietary AI algorithms with a research institution, including provisions for joint ownership of improvements and commercialization rights in EU countries."

Document background
The Intellectual Property Sharing Agreement is essential for organizations and individuals seeking to formalize the sharing, licensing, or joint development of intellectual property assets under Austrian law. This document is particularly relevant in scenarios involving technology transfer, research collaboration, joint ventures, or strategic partnerships where intellectual property rights need to be shared or licensed between parties. It addresses key aspects such as scope of rights, territorial limitations, compensation mechanisms, and protection measures, while ensuring compliance with Austrian IP laws and EU regulations. The agreement is designed to provide clear guidelines for IP usage while protecting the interests of all parties involved, making it particularly valuable in industries where innovation and intellectual property are crucial assets.
Suggested Sections

1. Parties: Identification and details of all parties to the agreement

2. Background: Context of the agreement and relationship between the parties

3. Definitions: Detailed definitions of terms used throughout the agreement

4. Scope of IP Rights: Detailed description of the intellectual property rights covered by the agreement

5. Grant of Rights: Terms of the IP sharing arrangement, including type of license, territory, and duration

6. Payment Terms: Financial arrangements, including royalties, fees, and payment schedules

7. Protection of IP Rights: Obligations regarding IP protection, registration, and maintenance

8. Confidentiality: Provisions for protecting confidential information shared under the agreement

9. Representations and Warranties: Statements about IP ownership, right to license, and quality of IP

10. Liability and Indemnification: Allocation of risks and responsibilities between parties

11. Term and Termination: Duration of the agreement and circumstances for termination

12. Post-Termination Obligations: Obligations that survive the termination of the agreement

13. Governing Law and Jurisdiction: Specification of Austrian law and jurisdiction

14. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment

Optional Sections

1. Quality Control: Used when the IP sharing involves trademarks or branding elements requiring quality standards

2. Development and Improvements: Include when parties may create new IP or improvements to existing IP

3. Source Code Escrow: Required for software-related IP sharing agreements

4. Data Protection: Include when personal data processing is involved in the IP sharing

5. Competition Law Compliance: Required for agreements between competitors or with significant market impact

6. Export Control: Include when IP sharing involves international transfer of technology

7. Dispute Resolution: Alternative dispute resolution procedures, if preferred over court proceedings

8. Training and Support: Include when technical assistance is required for IP implementation

Suggested Schedules

1. Schedule 1: IP Assets Register: Detailed listing of all IP assets covered by the agreement

2. Schedule 2: Technical Specifications: Technical details and requirements for the shared IP

3. Schedule 3: Payment Schedule: Detailed breakdown of financial terms and payment obligations

4. Schedule 4: Approved Sub-licensees: List of approved third parties who may use the IP (if applicable)

5. Schedule 5: Quality Control Standards: Specific quality requirements and monitoring procedures

6. Appendix A: Form of Reports: Templates for required reporting under the agreement

7. Appendix B: Contact Details: Key contacts and notice details for all parties

8. Appendix C: Usage Guidelines: Specific guidelines for how the IP may be used and displayed

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Technology

Software Development

Pharmaceuticals

Biotechnology

Manufacturing

Research & Development

Media & Entertainment

Healthcare

Automotive

Telecommunications

Education

Creative Industries

Industrial Design

Chemical Industry

Financial Technology

Relevant Teams

Legal

Research and Development

Intellectual Property

Innovation

Business Development

Technology Transfer

Product Development

Commercial

Corporate Strategy

Scientific Affairs

Regulatory Affairs

Licensing

Patent Administration

Relevant Roles

Chief Technology Officer

Legal Counsel

Intellectual Property Manager

Research Director

Innovation Manager

Patent Attorney

Licensing Manager

Business Development Director

Chief Executive Officer

Research Scientist

Product Development Manager

Technology Transfer Officer

Commercial Director

Head of R&D

Chief Legal Officer

Chief Innovation Officer

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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