This document is a collateral assignment of intellectual property. It details the collateral assignment, the scope of the assignment, representations and warranties, default remedies, and all other aspects generally found in an assignment agreement.
Delaware Collateral Assignment of Intellectual Property
State:
Multi-State
Control #:
US-TC0713
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Word;
PDF;
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FAQ
An intellectual property assignment is the transfer of an intellectual property right to another so that the assignor is no longer the owner of that right. The assignor cannot therefore use the right unless the assignee grants a licence back to the assignor.
IP assignment agreements are contracts between a business and its personnel that transfer ownership of IP created by the personnel during their employment or engagement with the business. IP can include patents, trademarks, copyrights, and trade secrets.
IP assets such as trademarks, trade names, patents, and copyrights are being used to secure loans issued by banks and other lenders. In most situations, IP assets tend to act as ?credit enhancers? and are included in a portfolio of assets that serves as collateral.
I agree that, at the time of leaving the employ of the Company, I will deliver to the Company (and will not keep in my possession, recreate or deliver to anyone else) any and all devices, records, data, notes, reports, proposals, lists, correspondence, specifications, drawings, blueprints, sketches, materials, ...
IP assignment agreements are contracts between a business and its personnel that transfer ownership of IP created by the personnel during their employment or engagement with the business. IP can include patents, trademarks, copyrights, and trade secrets.
For example, if A contracts with B to teach B guitar for $50, A can assign this contract to C. That is, this assignment is both: (1) an assignment of A's rights under the contract to the $50; and (2) a delegation of A's duty to teach guitar to C.
How to complete an intellectual property assignment Introduction of parties. ... Recitals. ... Assignment of intellectual property. ... Consideration. ... Assignor's representations and warranties. ... Assignee's representations and warranties. ... Documentation. ... Indemnification.
Intellectual property (IP) rights agreements are contracts between collaborating parties that set forth confidentiality obligations and/or stipulate the ownership or transfer of IP rights.