Assign IP

About this business activity

The assignee may want to ensure the IP's use for its intended purpose, or to prevent others from infringing on the IP.

Intellectual Property Assignment (for founders to assign IP to company)

This IP Agreement is designed for an individual to assign IP to a company e.g. a founder is starting a company and needs to vest the IP into that company

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IP Rights Assignment (Pro-Assignee)

This is an agreement for the assignment of intellectual property rights, from the perspective of the assignee.

What to watch out for

  • Make sure that the agreement clearly sets out the intellectual property rights that are being assigned;
  • Make sure that the agreement sets out the consideration (payment) that the assignee will receive for the assignment;
  • Make sure that the agreement sets out any conditions that must be met before the assignment takes effect;
  • Make sure that the agreement sets out the assignee's rights and obligations in relation to the assigned intellectual property rights; and
  • Make sure that the agreement sets out the duration of the assignment.
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    Confirmation of Assignment of IP Rights Letter

    A letter confirming that the recipient has been assigned specific intellectual property rights.

    What to watch out for

  • The letter should confirm that specific intellectual property rights have been assigned
  • The letter should be from the assignee
  • The letter should be addressed to the assignor
  • The letter should state the date of the assignment
  • The letter should describe the intellectual property rights that have been assigned
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    IP Rights Assignment Between Group Companies

    This document assigns intellectual property rights within a group.

    What to watch out for

  • Make sure that the intellectual property rights are assigned to the correct group within the company.
  • Make sure that the assignment is made in writing and signed by both parties.
  • Make sure that the assignment is made for the correct duration of time.
  • Make sure that the assignment is made for the correct geographical area.
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    IP Rights Asssignment in Asset Purchase Agreement

    This is an agreement to assign intellectual property rights and goodwill as part of a business asset sale, to be used in conjunction with a main asset purchase agreement.

    What to watch out for

  • Make sure that the intellectual property rights and goodwill you are assigning are actually owned by the business you are selling, and that you have the right to sell them.
  • Make sure that the intellectual property rights and goodwill you are assigning are not subject to any third
  • party rights or restrictions.
  • Make sure that the intellectual property rights and goodwill you are assigning are not essential to the business you are selling, or you may not be able to sell the business at all.
  • Make sure that the intellectual property rights and goodwill you are assigning are not subject to any legal claims or disputes.
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    IP Rights Assignment (Pro-Assignor)

    This is an agreement for the assignment of intellectual property rights, from the perspective of the assignor.

    What to watch out for

  • Make sure that the agreement clearly sets out the intellectual property rights that are being assigned;
  • Make sure that the agreement sets out the consideration (payment) that the assignee will provide for the assignment;
  • Make sure that the agreement sets out any conditions that must be met before the assignment takes effect; and
  • Make sure that the agreement sets out the consequences if the assignee fails to meet the conditions precedent.
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    Relevant Contract Types

    🀯 IP Assignment Agreement

    An IP assignment agreement is a contract between a company and an individual in which the company agrees to assign all of its intellectual property rights to the individual. The agreement typically covers all of the company's patents, copyrights, and trademarks. The agreement may also cover trade secrets, know-how, and other confidential information.

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