Intellectual Property Agreement

What is an intellectual property agreement and do you need one?

An intellectual property agreement is an agreement made between a transferor and transferee of intellectual property rights.

You should always have an intellectual property agreement if:

• You wish to transfer the ownership of over intellectual property rights to another person or company;
• You wish to receive assignment over intellectual property rights from another person or company.

Other names for intellectual property agreement:

• IP agreement;
• IP contract;
• IP assignment agreement;
• Intellectual property contract.

What does the intellectual property agreement cover?

• Rights and obligations of the assignor and assignee;
• Terms of assignment of the intellectual property;
• Assignment fee and date;
• Payment;
• Warranties;
• Indemnities;
• Tax.

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