Kansas Collateral Assignment of Intellectual Property

State:
Multi-State
Control #:
US-TC0713
Format:
Word; 
PDF; 
Rich Text
Instant download

Description

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.

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FAQ

The Intellectual property policy is the State's framework for the ownership and management of its intellectual property (IP), and use of IP belonging to other parties.

While not always cut and dried, intellectual property created within the workplace context is typically deemed to belong to the employer, not the employee, even though the employee is the creator or inventor of the work in question.

This means that, as a general rule, any IP created by an employee in the course of their employment belongs to their employer.

Long-form clauses for the protection of an employer's intellectual property (IP) rights in inventions and other work product, including work made for hire (or work for hire), created by employees.

Institutional IP policies are policies put in place by universities or research institutions to address IP issues typically encountered during collaboration with external parties and commercialization of academic research. An institutional IP policy must comply with all relevant national policies and strategies.

The KU intellectual property policy and your employment agreement with KU requires that rights to inventions and software developed in the conduct of research at KU or with KU resources be assigned to the university. This applies to IP with an annual value of $10,000 or more.

Anything that was created during work hours, using company resources, and otherwise in the regular course of your day and work, is the intellectual property of the employer, by default. As such, you may want to steer clear of using company time or resources for your side projects.

The purpose of the Intellectual Property Policy is to foster the creation and dissemination of knowledge and to provide certainty in individual and institutional rights associated with ownership and with the distribution of benefits that may be derived from the creation of Intellectual Property.

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Kansas Collateral Assignment of Intellectual Property