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Intellectual Property Sharing Agreement

Intellectual Property Sharing Agreement Template for New Zealand

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Key Requirements PROMPT example:

Intellectual Property Sharing Agreement

"I need an Intellectual Property Sharing Agreement for a joint software development project between my New Zealand tech startup and a research university, with provisions for commercializing any jointly developed AI algorithms and sharing future revenue, starting from March 2025."

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Document background
The Intellectual Property Sharing Agreement is a crucial legal instrument used when two or more parties need to establish a framework for sharing and utilizing intellectual property assets in New Zealand. This document becomes necessary when organizations or individuals wish to collaborate on projects, share research findings, commercialize innovations, or jointly develop new technologies. The agreement must comply with New Zealand's legal framework, including the Patents Act 2013, Copyright Act 1994, and relevant common law principles. It typically includes detailed provisions about IP ownership, usage rights, commercialization terms, confidentiality obligations, and dispute resolution mechanisms. The document is particularly important in research partnerships, technology transfers, joint ventures, and collaborative innovation projects, where clear delineation of IP rights and responsibilities is essential for successful cooperation.
Suggested Sections

1. Parties: Identification and details of all parties to the agreement

2. Background: Context of the agreement, existing IP ownership, and purpose of the sharing arrangement

3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement

4. Scope of IP Rights: Detailed description of the intellectual property rights covered by the agreement

5. Grant of Rights: Specific rights being granted, including usage, modification, and sublicensing rights

6. Term and Termination: Duration of the agreement and circumstances for termination

7. Payment and Royalties: Financial terms, including any royalties, fees, or cost-sharing arrangements

8. Protection and Maintenance: Obligations regarding IP protection, registration, and maintenance

9. Confidentiality: Provisions for protecting confidential information shared under the agreement

10. Warranties and Representations: Warranties regarding IP ownership, right to license, and non-infringement

11. Liability and Indemnification: Allocation of risks and responsibilities between parties

12. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and governing law

13. General Provisions: Standard contractual provisions including notices, amendments, and assignment

Optional Sections

1. Third Party Rights: Provisions dealing with third-party IP rights and licenses - include when third-party IP is involved

2. International Usage: Specific provisions for international use of IP - include for cross-border arrangements

3. Improvement Rights: Provisions regarding rights to improvements or derivatives - include for developmental IP

4. Quality Control: Standards and quality control measures - include for trademark or brand-related sharing

5. Traditional Knowledge: Provisions regarding MÄori traditional knowledge - include when relevant to the IP

6. Data Protection: Specific data protection and privacy provisions - include when personal data is involved

7. Competition Law Compliance: Provisions ensuring compliance with competition law - include for market-sensitive arrangements

8. Exit Rights: Detailed procedures for party exit - include for long-term or complex arrangements

Suggested Schedules

1. Schedule 1 - IP Asset Register: Detailed list and description of all IP assets covered by the agreement

2. Schedule 2 - Licensed Products: Specific products or services covered by the IP sharing arrangement

3. Schedule 3 - Technical Specifications: Technical details and specifications of the IP being shared

4. Schedule 4 - Payment Terms: Detailed payment schedules, royalty calculations, and financial terms

5. Schedule 5 - Quality Standards: Quality control requirements and standards for IP usage

6. Schedule 6 - Approved Sub-licensees: List of approved sub-licensees and their rights

7. Appendix A - IP Usage Guidelines: Guidelines and procedures for using the shared IP

8. Appendix B - Reporting Templates: Standard templates for required reports and notifications

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

































Clauses






























Relevant Industries

Technology

Healthcare

Biotechnology

Manufacturing

Media and Entertainment

Education

Research and Development

Software Development

Pharmaceuticals

Creative Industries

Agriculture

Engineering

Relevant Teams

Legal

Intellectual Property

Research and Development

Innovation

Business Development

Commercial

Technology Transfer

Product Development

Executive Leadership

Scientific Research

Corporate Strategy

Regulatory Affairs

Relevant Roles

Legal Counsel

Intellectual Property Manager

Research Director

Chief Technology Officer

Innovation Manager

Business Development Manager

Patent Attorney

Commercial Manager

R&D Manager

Technology Transfer Officer

Licensing Manager

Chief Executive Officer

Chief Legal Officer

Research Scientist

Product Development Manager

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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