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Assignment Of Intellectual Property Rights

Assignment Of Intellectual Property Rights Template for Denmark

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Assignment Of Intellectual Property Rights

I need an Assignment of Intellectual Property Rights agreement under Danish law for transferring a software patent and related source code from my startup company to a large tech corporation, with completion scheduled for March 2025.

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Document background
The Assignment Of Intellectual Property Rights agreement is a crucial legal instrument used in Denmark for transferring ownership of intellectual property from one party to another. This document is particularly relevant in scenarios such as company acquisitions, technology transfers, employee inventions, or settlement of IP disputes. It must comply with Danish legal requirements, including specific provisions of the Danish Patents Act, Trademarks Act, and Copyright Act, as well as relevant EU regulations. The agreement typically includes detailed descriptions of the IP being transferred, warranties about ownership and non-infringement, and provisions for recording the transfer with relevant authorities. Special attention is given to moral rights under Danish copyright law and employee invention rights under the Danish Employee Inventions Act.
Suggested Sections

1. Parties: Identification of the Assignor and Assignee, including full legal names, registration numbers, and addresses

2. Background: Context of the assignment, relationship between parties, and purpose of the transfer

3. Definitions: Definitions of key terms including 'Intellectual Property Rights', 'Effective Date', and specific IP assets being transferred

4. Assignment: Core provision transferring ownership of the specified IP rights from Assignor to Assignee

5. Consideration: Details of payment or other consideration for the assignment

6. Effective Date: Specification of when the assignment takes effect

7. Assignor's Obligations: Obligations to execute additional documents, assist with IP registration transfers, and provide technical information

8. Warranties and Representations: Assignor's warranties regarding ownership, right to assign, non-infringement, and absence of third-party claims

9. Further Assurance: Commitment to take necessary additional steps to perfect the assignment

10. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes

Optional Sections

1. Moral Rights: Required for copyright works - specific handling of moral rights under Danish law which cannot be fully assigned

2. Employee Rights: Required when the IP was created by employees - addresses requirements under Danish Employee Inventions Act

3. Data Protection: Required when the assigned IP includes databases or software containing personal data - GDPR compliance provisions

4. Confidentiality: Optional section for maintaining confidentiality of the transaction and related information

5. Tax Provisions: Required for high-value transfers - addressing tax implications and responsibilities

6. Registration Rights: Required for registered IP - processes for recording the assignment with relevant IP offices

7. Indemnification: Optional enhanced protection against third-party claims

8. Survival: Optional specification of which provisions survive completion of the assignment

Suggested Schedules

1. Schedule 1 - Inventory of IP Rights: Detailed list of all IP being transferred, including registration numbers where applicable

2. Schedule 2 - Existing Licenses and Encumbrances: List of any existing licenses, permissions, or encumbrances affecting the IP

3. Schedule 3 - Assignment Forms: Forms required for recording the assignment with relevant IP offices

4. Schedule 4 - Payment Terms: Detailed payment schedule and mechanisms if payment is not made in full at signing

5. Appendix A - Technical Documentation: List of all technical documentation to be transferred with the IP

6. Appendix B - Prior Rights: Documentation of chain of title and prior rights relevant to the IP being transferred

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Assignee
Assignor
Assignment Date
Completion Date
Confidential Information
Copyright Works
Effective Date
Encumbrances
Intellectual Property Rights
Inventions
Know-How
Licensed Rights
Moral Rights
Patents
Registered Rights
Related Rights
Technical Documentation
Technical Information
Trade Marks
Trade Secrets
Unregistered Rights
Works
Background IP
Consideration
Database Rights
Design Rights
Domain Names
Employee Inventions
Improvement Rights
Materials
Patent Applications
Pending Applications
Proprietary Rights
Registration Offices
Third Party Rights
Territory
Relevant Industries

Technology

Software Development

Biotechnology

Pharmaceutical

Research & Development

Creative Industries

Manufacturing

Media & Entertainment

Education & Research

Professional Services

Healthcare

Industrial Design

Engineering

Telecommunications

Relevant Teams

Legal

Intellectual Property

Research & Development

Innovation

Business Development

Corporate Development

Technology Transfer

Compliance

Strategy

Executive Leadership

Relevant Roles

Legal Counsel

IP Attorney

Patent Attorney

Technology Transfer Manager

Research Director

Chief Technology Officer

Innovation Manager

R&D Manager

General Counsel

Contracts Manager

Business Development Director

Chief Executive Officer

Chief Legal Officer

Intellectual Property Manager

Technology Licensing Officer

Industries
Danish Patents Act (Patentloven): Governs patent rights and their transfer in Denmark, including requirements for patent assignments and registration
Danish Trademarks Act (Varemærkeloven): Regulates trademark rights and their assignment, including requirements for valid trademark transfers
Danish Copyright Act (Ophavsretsloven): Covers copyright protection and transfer of copyright ownership, including moral rights which cannot be fully assigned under Danish law
Danish Design Act (Designloven): Governs design rights and their assignment, implementing EU Design Protection Directive
Danish Trade Secrets Act (Lov om forretningshemmeligheder): Implements the EU Trade Secrets Directive and governs protection and transfer of trade secrets
Danish Contracts Act (Aftaleloven): Provides the general framework for contract formation and validity, including requirements for binding agreements
EU General Data Protection Regulation (GDPR): Must be considered if the IP assignment involves any personal data or databases containing personal information
Danish Employee Inventions Act (Lov om arbejdstageres opfindelser): Regulates rights to inventions made by employees and their transfer to employers
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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