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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.
The intellectual property clause serves as a contractual provision that defines the ownership, scope of rights, and responsibilities related to intellectual property assets. It helps safeguard the interests of the parties involved and sets the framework for the management, use, and protection of IP.
For example, Apple and Microsoft have had cross-licensing agreements since the 1990s. The agreements between the two tech forces have covered design patents, technical software features and more, and at one point covered any patent filed by either company.
An Enterprise License Agreement (ELA) is an agreement between a vendor and a customer, which provides that customer with access to the vendor's services for a fixed, pre-defined period of time, often with the option to extend for another period.
Intellectual property rights (IPR) refers to the legal rights given to the inventor or creator to protect his invention or creation for a certain period of time.[1] These legal rights confer an exclusive right to the inventor/creator or his assignee to fully utilize his invention/creation for a given period of time.
Negotiating a licensing agreement Know at all times what you want from the negotiations. Understand the company's position. Demonstrate personal and professional integrity. Find the courage to end negotiations rather than accept poor terms.
It can be an invention (patent / utility model), a design (industrial design), a brand name (trademark, or a literary and artistic work (copyright).
Intellectual Property Law includes patents, copyrights, trademarks, and trade secrets.