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Founder IP Assignment Agreement

Founder IP Assignment Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Founder IP Assignment Agreement

"I need a Founder IP Assignment Agreement for my UAE-based technology startup with three co-founders, where we need to assign all our existing software patents and future developments to the company before our Series A funding round in March 2025."

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Document background
The Founder IP Assignment Agreement is a crucial document in the UAE business ecosystem, particularly for startups and technology companies establishing their intellectual property foundations. This agreement is typically executed during company formation or investment rounds, ensuring that all intellectual property developed by founders is properly transferred to the company. The document must comply with UAE Federal laws, including industrial property rights, copyright, and commercial laws. It covers all forms of intellectual property including patents, copyrights, trademarks, trade secrets, and future innovations. The agreement is especially important for UAE companies seeking investment or planning for future exits, as it provides clarity and security regarding IP ownership.
Suggested Sections

1. Parties: Identification of the Founder (Assignor) and the Company (Assignee) with full legal names and addresses

2. Background: Context of the agreement, founder's role, and relationship with the company

3. Definitions: Key terms including Intellectual Property Rights, Assigned Rights, Effective Date, and Created Works

4. Assignment: Core provision transferring all relevant IP rights from founder to company

5. Scope of Assigned Rights: Detailed description of all IP being assigned, including present and future rights

6. Consideration: Statement of consideration provided for the assignment

7. Representations and Warranties: Founder's warranties regarding ownership, right to assign, and non-infringement

8. Further Assurance: Founder's commitment to execute additional documents and assist with IP protection

9. Waiver of Rights: Explicit waiver of any moral rights or other non-assignable rights to the extent permitted by law

10. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes

Optional Sections

1. Power of Attorney: Optional clause granting the company power to act on founder's behalf in IP matters

2. Confidentiality: Additional confidentiality obligations if not covered in other agreements

3. Non-Competition: Restrictions on founder's use of IP in competing businesses, if not covered elsewhere

4. Severability: Clause ensuring remainder of agreement survives if any provision is found invalid

5. Third Party Rights: Clause addressing whether third parties have rights under the agreement

6. Exit Provisions: Specific provisions dealing with IP rights in case of founder's exit from the company

Suggested Schedules

1. Schedule 1 - Inventory of Existing IP: Detailed list of all existing IP being assigned, including registration numbers

2. Schedule 2 - Created Works: Description of works created by founder during relationship with company

3. Schedule 3 - Excluded IP: List of any IP specifically excluded from the assignment

4. Schedule 4 - Assignment Forms: Forms for recording the IP assignment with relevant UAE authorities

5. Schedule 5 - Prior Agreements: List of any prior agreements affecting the assigned IP

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 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

Software Development

Biotechnology

Financial Services

E-commerce

Healthcare Technology

Media and Entertainment

Manufacturing

Research and Development

Professional Services

Educational Technology

Artificial Intelligence

Telecommunications

Clean Technology

Digital Services

Relevant Teams

Legal

Intellectual Property

Research and Development

Corporate Affairs

Innovation

Executive Leadership

Corporate Governance

Technology

Compliance

Knowledge Management

Relevant Roles

Chief Executive Officer

Chief Technology Officer

Company Founder

Technical Co-founder

Chief Legal Officer

Intellectual Property Counsel

General Counsel

Legal Director

Chief Innovation Officer

Head of Research and Development

Company Secretary

Corporate Lawyer

Patent Attorney

Investment Director

Startup Advisor

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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