Intellectual Property Assignment Agreements for Microsoft Partners
Why you need an Intellectual Property Assignment Agreement
Has a third party designed you a logo? Are you selling software? How about are you acquiring a company? This agreement enables Intellectual Property (IP) rights to transfer smoothly from one party to another.
What is an IP Assignment Agreement?
Sometimes one piece of work or software will contain different IP rights in them (e.g. patents, trademarks, or designs). Therefore, you need a template that will cover the full spectrum of intellectual property that could be contained in the transferring material.
Frequently Asked Questions
Q: Can I have an IP Assignment Agreement for team members?
A: Yes, you can. If a team has created something under a contract, then the assignment of Intellectual Property can be stipulated. If there is no contract, then it is very likely all team members will have a claim to the rights of the Intellectual Property and later down the line it might be worth creating an agreement to re-assign the rights.
Q: What types of Intellectual Property Rights are there?
A: Some examples of IP rights are copyright, design rights, trademarks, patents and trade secrets.
Q: What are moral rights?
A: Moral rights are linked to copyright, but are slightly different. Moral rights relate to authors maintaining control over creative works. The main points to note are:
- (1) that the author has a right to be named on the work,
- (2) the author has a right for the work not to suffer degradation and
- (3) the author has the right for their work not to be show.
Q: Do you have to exchange money for Intellectual Property Rights?
A: No, if you draft your intellectual property assignment as a “deed”, as opposed to a “contract”.
Intellectual Property Assignment Agreement table of contents
5. Assignor confidentiality
6. Further assurance
7. Moral rights
9. Entire agreement
13. Third party rights
15. Governing law
Get the key facts of the Managed Services Contract
Contact the Law 365 team about this policy
For these Microsoft Partners
- Managed Services Provider
- ISV, Software, Apps and IP
- System Integrators Professional Services Consultancy Partners
- Hosting Partners
- Licensing Partners
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