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Technology Assignment Agreement

Technology Assignment Agreement Template for Ireland

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Key Requirements PROMPT example:

Technology Assignment Agreement

"I need a Technology Assignment Agreement under Irish law for transferring our proprietary AI software platform and associated IP rights to a multinational tech company, with specific provisions for ongoing technical support during a 3-month transition period starting March 2025."

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Document background
The Technology Assignment Agreement is a crucial legal instrument used in Ireland for transferring ownership of technology assets and associated intellectual property rights. It is particularly relevant in scenarios involving corporate acquisitions, technology sales, restructuring, or strategic divestitures. The document comprehensively addresses the transfer of patents, copyrights, trade secrets, and related technical knowledge, ensuring compliance with Irish intellectual property laws and EU regulations. This agreement is essential when companies or individuals need to permanently transfer technology rights rather than just license them, and it includes specific provisions for Irish law compliance, including considerations for GDPR, competition law, and electronic commerce regulations. The agreement typically covers not only the core technology but also all associated documentation, know-how, and implementation support requirements.
Suggested Sections

1. Parties: Identifies and defines the Assignor and Assignee with full legal names and addresses

2. Background: Explains the context of the assignment, describes the technology being assigned, and states the intention to transfer

3. Definitions: Defines key terms including the Technology, Intellectual Property Rights, Documentation, and other relevant terms

4. Assignment: Core provision transferring all rights, title, and interest in the Technology

5. Consideration: Details the payment or other consideration for the assignment

6. Delivery and Implementation: Specifies the process and timeline for transferring the Technology and associated materials

7. Assignor's Warranties: Warranties regarding ownership, non-infringement, and ability to assign

8. Further Assurance: Obligation to execute additional documents and take necessary steps to perfect the assignment

9. Confidentiality: Provisions protecting confidential information related to the Technology

10. Data Protection: Addresses GDPR compliance and data protection obligations

11. Governing Law and Jurisdiction: Specifies Irish law as governing law and Irish courts' jurisdiction

Optional Sections

1. Tax Provisions: Include when there are specific tax implications or requirements for the assignment

2. Employee and Contractor Obligations: Include when the Technology was developed by employees or contractors who need to assign their rights

3. Third Party Technology: Include when the assigned Technology incorporates or depends on third-party technology

4. Transition Services: Include when the Assignor needs to provide ongoing support or training

5. Competition Compliance: Include when the assignment could have competition law implications

6. Source Code Escrow: Include when source code needs to be held in escrow for security

7. Maintenance and Support: Include when ongoing maintenance or support is part of the arrangement

Suggested Schedules

1. Schedule 1 - Description of Technology: Detailed technical description of the Technology being assigned

2. Schedule 2 - Intellectual Property Rights: List of all patents, copyrights, trademarks, and other IP rights being assigned

3. Schedule 3 - Documentation: List of all technical documentation, manuals, and materials included in the assignment

4. Schedule 4 - Third Party Licenses: Details of any third-party licenses associated with the Technology

5. Schedule 5 - Known Issues and Limitations: Disclosure of known problems, bugs, or limitations in the Technology

6. Appendix A - Transfer Timeline: Detailed timeline for the transfer and implementation process

7. Appendix B - Technical Specifications: Technical specifications and requirements for the Technology

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions














































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Relevant Industries

Information Technology

Software Development

Biotechnology

Pharmaceutical

Financial Services

Healthcare Technology

Manufacturing

Telecommunications

Research and Development

Education

Artificial Intelligence

Internet of Things

Clean Technology

Digital Media

Electronic Commerce

Relevant Teams

Legal

Intellectual Property

Research and Development

Engineering

Information Technology

Corporate Development

Mergers and Acquisitions

Innovation

Technical Operations

Compliance

Risk Management

Relevant Roles

Chief Technology Officer

Chief Legal Officer

Intellectual Property Lawyer

Technology Transfer Manager

Research and Development Director

Patent Attorney

Corporate Counsel

Innovation Manager

Technology Acquisition Manager

Legal Counsel

Chief Executive Officer

Head of Engineering

Chief Information Officer

Intellectual Property Manager

Business Development Director

Industries








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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