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Assignment Of Invention Agreement

Assignment Of Invention Agreement Template for Denmark

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Assignment Of Invention Agreement

I need an Assignment of Invention Agreement under Danish law for a biotech startup acquiring rights to a new gene editing technology from an independent inventor, with milestone payments and provisions for future improvements to be delivered by March 2025.

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Document background
The Assignment Of Invention Agreement is a crucial legal document used when transferring ownership rights of an invention from one party to another under Danish law. It is particularly important in employment contexts where companies need to secure rights to employees' inventions, in research collaborations, or in technology transfer scenarios. The agreement must comply with the Danish Act on Employee Inventions and related legislation, which provides specific requirements for fair compensation and protection of inventors' rights. This document typically includes detailed technical descriptions of the invention, terms of the transfer, compensation arrangements, and obligations for future cooperation in patent prosecution. It's essential for protecting intellectual property rights and establishing clear ownership in innovation-driven industries, while ensuring compliance with Danish legal requirements regarding invention assignments.
Suggested Sections

1. Parties: Identification of the Assignor (inventor) and Assignee, including full legal names and addresses

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

3. Definitions: Key terms including 'Invention', 'Intellectual Property Rights', 'Technical Information', and other relevant definitions

4. Scope of Invention: Detailed description of what constitutes the invention being assigned

5. Assignment: Core provision transferring all rights, title, and interest in the invention from Assignor to Assignee

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

7. Representations and Warranties: Assignor's declarations regarding ownership, right to assign, and non-infringement

8. Further Assurances: Obligation to execute additional documents and assist with patent applications

9. Confidentiality: Obligations regarding confidential information related to the invention

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

Optional Sections

1. Competition and Non-Compete: Include when the assignor needs to be restricted from competing or developing similar inventions

2. Future Improvements: Include when parties want to address rights to future improvements to the invention

3. Tax Provisions: Include when specific tax implications need to be addressed, particularly for high-value inventions

4. Export Control: Include when the invention involves technology subject to export control regulations

5. Publication Rights: Include when the inventor wishes to retain rights to publish academic papers about the invention

6. Employee Benefits: Include when the assignment is part of an employment relationship and needs to address related benefits

7. Dispute Resolution: Include when parties want to specify alternative dispute resolution mechanisms

Suggested Schedules

1. Technical Description: Detailed technical specifications and drawings of the invention

2. Patent Applications: List of any existing patent applications or patents related to the invention

3. Payment Schedule: Detailed breakdown of payment terms, including any milestone payments or royalties

4. Related Rights: List of related intellectual property rights, such as trademarks or copyrights

5. Prior Art Declaration: Declaration of known prior art relevant to the invention

6. Invention Disclosure Form: Completed invention disclosure form with detailed technical information

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
Invention
Intellectual Property Rights
Patent Rights
Technical Information
Confidential Information
Documentation
Effective Date
Background IP
Improvements
Know-How
Patent Applications
Related Rights
Trade Secrets
Technical Data
Assignor
Assignee
Consideration
Licensed Patents
Prior Art
Commercial Exploitation
Field of Use
Territory
Proprietary Information
Supporting Documentation
Technical Specifications
Associated Rights
Derivative Works
Moral Rights
Working Day
Affiliated Companies
Relevant Industries

Technology

Pharmaceuticals

Biotechnology

Manufacturing

Research & Development

Electronics

Chemical Industry

Medical Devices

Software Development

Engineering

Clean Technology

Telecommunications

Relevant Teams

Legal

Research & Development

Intellectual Property

Human Resources

Innovation

Patent

Technology Transfer

Product Development

Engineering

Scientific Affairs

Corporate Development

Relevant Roles

Patent Attorney

Legal Counsel

R&D Director

Chief Technology Officer

Innovation Manager

Research Scientist

Intellectual Property Manager

Technology Transfer Officer

Corporate Counsel

HR Director

Research Director

Product Development Manager

Chief Scientific Officer

Laboratory Manager

Engineering Manager

Industries
Danish Act on Employee Inventions (Lov om arbejdstageres opfindelser): Governs the rights and obligations regarding inventions made by employees, including provisions for fair compensation and the process of transferring rights to employers
Danish Patents Act (Patentloven): Regulates patent rights and protection in Denmark, including requirements for patentability and registration of inventions
Danish Contracts Act (Aftaleloven): Provides the legal framework for contract formation, validity, and enforcement in Denmark, ensuring the agreement meets basic contractual requirements
Danish Marketing Practices Act (Markedsføringsloven): Contains provisions regarding trade secrets and confidential information protection, which is crucial for invention assignments
EU General Data Protection Regulation (GDPR): Regulates the processing of personal data, which may be relevant if the invention agreement involves processing of personal information
Danish Competition Act (Konkurrenceloven): Ensures the agreement doesn't contain anti-competitive provisions that could restrict innovation or market competition
Danish Copyright Act (Ophavsretsloven): Relevant for inventions that may include software or other copyrightable elements alongside patentable elements
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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