Intellectual Property Agreement Template

This intellectual property agreement template has 2 pages and is a MS Word file type listed under our legal agreements documents.

Sample of our intellectual property agreement template:

INTELLECTUAL PROPERTY (IP) AGREEMENT This Intellectual Property Agreement ("Agreement") is entered into effect as of [DATE], BETWEEN: [COMPANY NAME], ("Company"), an individual with their main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [EMPLOYEE/CONTRACTOR NAME], ("Party") an individual with their main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] PURPOSE OF THE AGREEMENT The Parties agree to establish the terms and conditions governing the creation, ownership, and use of intellectual property developed by the Party during the course of their engagement with the Company. DEFINITIONS 2.1 Intellectual Property (IP): Any work, creation, invention, innovation, discovery, or design, whether patentable or not, and any related rights, such as copyrights, trademarks, trade secrets, and any other intellectual property rights. OWNERSHIP OF INTELLECTUAL PROPERTY 3.1 Any IP created by the Party in the course of their engagement with the Company shall be owned exclusively by the Company. This includes, but is not limited to, any IP created during working hours, using Company resources, or related to the Company's business activities. ASSIGNMENT OF IP RIGHTS 4