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Technology Assignment Agreement Template for Denmark

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Key Requirements PROMPT example:

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.

What is a Technology Assignment Agreement?

The Technology Assignment Agreement is a crucial legal instrument used in Denmark when one party wishes to permanently transfer ownership of specific technology to another party. This document is essential in situations involving the sale of technological assets, corporate restructuring, commercialization of research outputs, or strategic acquisitions. The agreement must comply with Danish legal requirements, including the Danish Contracts Act, Patents Act, and relevant EU regulations. It typically includes detailed provisions on the technology being transferred, intellectual property rights, warranties, implementation support, and consideration. The document is particularly important in ensuring clear ownership rights, managing liability, and establishing the framework for successful technology transfer while protecting both parties' interests under Danish jurisdiction.

What sections should be included in a Technology Assignment Agreement?

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

What sections are optional to include in a Technology Assignment Agreement?

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

What schedules should be included in a Technology Assignment Agreement?

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

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Relevant Industries

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

Relevant Teams

Legal

Research & Development

Intellectual Property

Innovation

Technical Operations

Business Development

Corporate Development

Technology Transfer Office

Patents

Product Development

Executive Leadership

Mergers & Acquisitions

Relevant Roles

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

Industries








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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