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Founder Ip Assignment Agreement for the United Kingdom

Founder Ip Assignment Agreement Template for England and Wales

A Founder IP Assignment Agreement is a legal document used in England and Wales to transfer intellectual property rights from a company's founder(s) to the company itself. This agreement ensures that all relevant intellectual property created or developed by the founder prior to or during the company's formation is properly assigned to the company, providing clarity of ownership and protecting the company's assets. The agreement covers various types of IP including patents, copyrights, trademarks, and trade secrets.

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Founder Ip Assignment Agreement

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What is a Founder Ip Assignment Agreement?

The Founder IP Assignment Agreement is crucial when establishing a new business venture in England and Wales, particularly during company formation or investment rounds. This agreement is essential for ensuring that all intellectual property developed by founders before incorporation or during the company's early stages is properly transferred to the business entity. The document typically includes comprehensive details about the IP being transferred, warranties about ownership and third-party rights, and provisions for future cooperation in IP-related matters. It's particularly important for securing investment, as investors typically require clear evidence that the company owns all relevant IP.

What sections should be included in a Founder Ip Assignment Agreement?

1. Parties: Identification of the founder(s) and the company

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Assignment: Core terms of IP transfer from founder to company

5. Warranties: Founder's confirmations regarding IP ownership and rights

6. Further Assurance: Obligation to execute additional documents if needed

7. Governing Law and Jurisdiction: Specification of applicable law and courts

What sections are optional to include in a Founder Ip Assignment Agreement?

1. Consideration: Details of payment or value exchange, if any - include when there is monetary or other consideration for the assignment

2. Moral Rights: Waiver of moral rights in jurisdictions where applicable - include when copyright works are involved

3. Confidentiality: Obligations regarding confidential information - include when sensitive information is involved in the transfer

What schedules should be included in a Founder Ip Assignment Agreement?

1. Schedule of IP Rights: Detailed list of all IP being assigned including patents, trademarks, copyright works

2. Schedule of Prior IP: List of any IP rights excluded from the assignment

3. Form of Assignment Notice: Template for any formal notices required for IP registries

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

England and Wales

Cost

Free to use
Relevant legal definitions



















Clauses






















Industries

Copyright, Designs and Patents Act 1988: Primary legislation governing copyright protection, moral rights, design rights, and database rights in the UK. Essential for defining and transferring intellectual property rights.

Patents Act 1977: Key legislation covering patent ownership, assignment processes, and inventor rights. Critical for transferring patent rights from founders to the company.

Trade Marks Act 1994: Legislation governing trademark ownership, transfer requirements, and registration processes for trademark rights in the UK.

Law of Property (Miscellaneous Provisions) Act 1989: Specifies requirements for valid assignments and execution formalities in property transfers, including intellectual property.

Common Law Principles: Fundamental legal principles regarding contract formation, consideration, and assignment of rights under English law.

Employment Rights Act 1996: Relevant for understanding the intersection between employment status and IP rights, particularly for works created during employment.

UK GDPR and Data Protection Act 2018: Data protection legislation that may impact IP assignments involving personal data or database rights.

Companies Act 2006: Corporate law framework governing directors' duties, corporate authority, and company-related aspects of IP assignments.

Confidentiality Obligations: Legal principles and obligations regarding the protection of confidential information and trade secrets during IP assignment.

Competition Law: Regulatory framework ensuring IP assignments do not create anti-competitive effects in the market.

Tax Legislation: Tax implications and considerations for intellectual property transfers and assignments under UK tax law.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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