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The document is signed by both the buyer and seller. A deed of assignment must be in writing and should include: Although a deed of assignment transfers ownership in intellectual property, it does not change the registration of the ownership. Transfers of intellectual property must comply with U. Transfers must also comply with antitrust laws, which are set up to prevent one company from completely dominating an industry.
The assignee is responsible for handling all registration requirements. Similarly, the transfer of a copyright is recorded with the U. If intellectual property rights are being transferred overseas, the transfer must comply with Export Administration Regulations and the International Traffic in Arms Regulations, which are designed to protect national security and trade.
The transfer of registered intellectual property rights (for example, trade marks and patents) may need to be separately recorded at the relevant registry and this is not specifically covered by this agreement.
How to Use As with our other Seedsummit documents, the Intellectual Property Assignment documents are meant to be a template on which to tailor the bespoke assignment that works best for you, or to use it as is.
The Intellectual Property Assignment is suitable for use between a company registered in England and Wales and an individual founder or an individual consultant.
For a company registerd in Hong Kong please uste the HK Intellectual Property Assignment The agreement can be used to transfer ownership of intellectual property created for the company in exchange for a nominal fee.
Often, multiple rights involving patents, trade marks, copyrights and technologies are combined into a unitary licence agreement that covers everything.
With respect to intellectual property, such rights are often separated into two different classes: hard intellectual property rights (copyrights, trade marks and patents) and soft IP rights (confidential information, trade secrets and know-how).
If a trademark exists that is similar to the one you want to protect, used in a similar industry, and in the same geographical region, then protecting your trademark may prove difficult.
It is better to find out early, so you can find a mark that will be easier to protect.