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Technology Assignment Agreement
I need a Technology Assignment Agreement for transferring proprietary AI software technology from our Danish startup to a multinational corporation, including provisions for ongoing technical support and source code escrow arrangements through March 2025.
1. Parties: Identification of the assignor and assignee, including full legal names, registration numbers, and addresses
2. Background: Context of the agreement, relationship between parties, and purpose of the technology assignment
3. Definitions: Detailed definitions of key terms used throughout the agreement, including specific technical terminology
4. Subject Matter of Assignment: Clear identification and description of the technology being assigned
5. Scope of Assignment: Extent of rights being transferred, including territorial scope and field of use
6. Assignment and Transfer: Legal provisions effecting the transfer of ownership and associated rights
7. Consideration: Payment terms, including amount, payment schedule, and any adjustments
8. Representations and Warranties: Assignor's warranties regarding ownership, right to assign, non-infringement, and functionality of the technology
9. Delivery and Implementation: Process and timeline for transferring the technology, including any technical documentation
10. Confidentiality: Obligations regarding confidential information disclosed during the transfer process
11. Further Assurance: Obligations to execute additional documents and provide assistance for effectuating the transfer
12. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
13. General Provisions: Standard clauses including notices, entire agreement, amendments, and severability
1. Employee Inventions: Required when the technology was developed by employees, addressing requirements under Danish Act on Inventions by Employees
2. Tax Provisions: Specific tax considerations and allocations, needed for high-value transfers or international assignments
3. Training and Support: Include when the assignor will provide ongoing technical support or training
4. Third Party Rights: Required when the technology incorporates or depends on third-party intellectual property
5. Source Code Escrow: Include for software assignments where source code protection is needed
6. Data Protection: Required when the technology involves personal data processing under GDPR
7. Competition Restrictions: Include when imposing non-compete or territorial restrictions on the assignor
8. Maintenance Period: Include when the assignor will provide maintenance services post-assignment
1. Schedule 1 - Technical Description: Detailed technical specifications and documentation of the assigned technology
2. Schedule 2 - Intellectual Property Rights: List of all IP rights being transferred, including patent numbers, registrations
3. Schedule 3 - Third Party Licenses: Details of any third-party licenses associated with the technology
4. Schedule 4 - Delivery Schedule: Timeline and milestones for technology transfer and implementation
5. Schedule 5 - Payment Schedule: Detailed payment terms, including any milestone-based payments
6. Schedule 6 - Technical Documentation: User manuals, technical specifications, and other supporting documentation
7. Schedule 7 - Known Issues and Limitations: Disclosure of known technical issues or limitations of the technology
Authors
Information Technology
Software Development
Biotechnology
Pharmaceutical
Manufacturing
Research & Development
Telecommunications
Artificial Intelligence
Green Technology
Medical Devices
Industrial Automation
Electronics
Clean Energy
Digital Services
Internet of Things
Legal
Research & Development
Intellectual Property
Innovation
Technical Operations
Business Development
Corporate Development
Technology Transfer Office
Patents
Product Development
Executive Leadership
Mergers & Acquisitions
Chief Technology Officer
Intellectual Property Lawyer
Legal Counsel
Research Director
Innovation Manager
Technology Transfer Officer
Patent Attorney
R&D Manager
Chief Legal Officer
Business Development Manager
Technical Director
Licensing Manager
Chief Executive Officer
Head of Innovation
Intellectual Property Manager
Corporate Counsel
Technology Scout
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