Confirmatory Assignment Of Intellectual Property Rights Template for Indonesia

The Confirmatory Assignment Of Intellectual Property Rights is a crucial document used in situations where parties need to formally confirm and reinforce a previous transfer of IP rights under Indonesian law. This document type is particularly relevant when there are questions about the clarity or completeness of previous IP transfers, during due diligence processes, or when seeking to register IP rights with the Indonesian DGIP. It's commonly used in corporate restructuring, mergers and acquisitions, or when updating historical IP documentation. The document addresses requirements under various Indonesian IP laws, including Law No. 13 of 2016 on Patents, Law No. 28 of 2014 on Copyright, and Law No. 20 of 2016 on Trademarks. It provides detailed confirmation of the IP rights transferred, the effective date of the original transfer, and includes necessary provisions for local registration and compliance.

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

2. Background: Context of the original transfer of IP rights and reason for confirmatory assignment

3. Definitions: Key terms used in the agreement, including specific IP rights, Prior Agreement(s), and Effective Date

4. Confirmation of Assignment: Explicit confirmation of the previous transfer of IP rights and the effective date of such transfer

5. Rights Assigned: Detailed description of the IP rights being confirmed as transferred, including all associated rights and goodwill

6. Consideration: Confirmation of consideration already paid or additional consideration if applicable

7. Further Assurance: Assignor's commitment to execute additional documents and assist with IP rights registration

8. Representations and Warranties: Assignor's confirmations regarding ownership, right to assign, and absence of encumbrances

9. Registration: Provisions regarding registration of the assignment with Indonesian DGIP

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