The Assignment of Future Intellectual Property Rights agreement is essential in modern business relationships where intellectual property creation is anticipated. This document establishes clear ownership rights over IP that will be created in the future, preventing potential disputes and ensuring businesses can properly commercialize innovations. Under U.S. law, it must be carefully drafted to balance the rights of creators with business interests, while ensuring compliance with both federal IP regulations and state-specific requirements. The agreement is particularly crucial for technology companies, research institutions, and creative enterprises where ongoing IP creation is central to operations.
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1. Parties: Identifies the assignor and assignee, including full legal names and addresses
2. Background: States the context and purpose of the assignment, relationship between parties
3. Definitions: Defines key terms including 'Intellectual Property Rights', 'Future Rights', 'Invention'
4. Assignment: Core provision assigning future IP rights from assignor to assignee
5. Scope of Assignment: Detailed description of what rights are being assigned
6. Consideration: States what is being given in exchange for the assignment
7. Further Assurance: Obligation to execute additional documents if needed
8. Governing Law: Specifies applicable law and jurisdiction
1. Warranties: Promises about ownership and right to assign - include when additional assurance needed about rights ownership
2. Moral Rights: Waiver of moral rights in copyrightable works - include when copyright works are involved
3. Confidentiality: Obligations regarding confidential information - include when sensitive information will be shared
4. Non-Competition: Restrictions on competing activities - include in employment or business sale contexts
1. Schedule of Existing IP: Lists any existing IP rights that are excluded from the assignment
2. Form of Assignment Notice: Template for formal notice of specific future assignments
3. Description of Scope: Detailed description of field/industry coverage
4. Form of Inventor's Certificate: Template for confirming invention details and assignment
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