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Assignment Of Intellectual Property Rights Template for New Zealand

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Key Requirements PROMPT example:

Assignment Of Intellectual Property Rights

"I need an Assignment of Intellectual Property Rights agreement for transferring a portfolio of software patents and associated trade secrets from my technology startup to a large multinational corporation, with completion scheduled for March 2025 and including provisions for ongoing technical support during the transition period."

Document background
The Assignment Of Intellectual Property Rights agreement is essential when transferring ownership of intellectual property assets in New Zealand. It is commonly used in various scenarios, including company acquisitions, employee inventions, technology transfers, and sale of creative works. This agreement ensures compliance with New Zealand's intellectual property laws, including the Patents Act 2013, Trade Marks Act 2002, Copyright Act 1994, and other relevant legislation. It should be used whenever there is a need to transfer complete ownership of IP rights, whether in a commercial context or as part of broader business arrangements. The document typically includes detailed descriptions of the IP being transferred, warranties about ownership and validity, and provisions for registration of the transfer with relevant authorities.
Suggested Sections

1. Parties: Identifies and provides full details of the Assignor and Assignee

2. Background: Sets out the context of the assignment, including the Assignor's ownership of the IP rights and the parties' intention to transfer these rights

3. Definitions: Defines key terms used throughout the agreement, including specific IP-related terminology

4. Assignment: Core clause that effects the transfer of IP rights from Assignor to Assignee

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

6. Warranties: Assignor's warranties regarding ownership, right to assign, and status of the IP rights

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

8. Governing Law: Specifies that New Zealand law governs the agreement

9. Execution: Formal execution block for signing by both parties

Optional Sections

1. Third Party Rights: Required when there are existing licenses, encumbrances, or third-party rights affecting the IP

2. Confidentiality: Include when confidential information is involved in the transfer or needs protection

3. Tax: Include when there are specific tax implications that need to be addressed

4. Moral Rights: Required for copyright works where moral rights need to be specifically addressed

5. Registration: Include when the IP rights are registered and specific provisions for transfer of registration are needed

6. Indemnities: Include when specific indemnities are required beyond standard warranties

7. Post-Assignment Obligations: Required when either party has continuing obligations after the assignment

8. Survival: Include when certain provisions need to survive the assignment

Suggested Schedules

1. Schedule 1 - Intellectual Property Rights: Detailed description of all IP being assigned, including registration numbers where applicable

2. Schedule 2 - Existing Licenses and Encumbrances: List of any existing licenses, security interests or other encumbrances affecting the IP

3. Schedule 3 - Assignment Forms: Forms required for recording the assignment with IP offices (e.g., patent office, trademark office)

4. Schedule 4 - Payment Terms: Detailed payment structure if the consideration is complex or involves multiple payments

5. Appendix A - IP Documentation: Copies of relevant IP certificates, registrations, and other supporting documentation

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

Relevant legal definitions































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Relevant Industries

Technology

Pharmaceutical

Biotechnology

Media and Entertainment

Manufacturing

Research and Development

Software Development

Creative Industries

Education

Healthcare

Engineering

Consumer Products

Professional Services

Relevant Teams

Legal

Intellectual Property

Research and Development

Innovation

Business Development

Commercial

Technology Transfer

Corporate Development

Compliance

Executive Leadership

Relevant Roles

Legal Counsel

Intellectual Property Lawyer

Patent Attorney

Technology Transfer Manager

Research Director

Chief Technology Officer

Innovation Manager

Business Development Manager

Contract Manager

CEO

Managing Director

IP Portfolio Manager

General Counsel

Commercial Director

Head of Research and Development

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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