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Simple IP Assignment Agreement

Simple IP Assignment Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Simple IP Assignment Agreement

"I need a Simple IP Assignment Agreement for transferring ownership of a custom software application and its source code from my development company to a UAE-based tech firm, with the transfer to be completed by March 2025."

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Document background
The Simple IP Assignment Agreement is a crucial legal instrument used in the United Arab Emirates for transferring intellectual property rights from one party to another. This document is essential when companies or individuals need to transfer ownership of patents, trademarks, copyrights, or other intellectual property assets. The agreement must comply with UAE Federal Laws, including the UAE Copyright Law (Federal Law No. 7 of 2002), Patent Law (Federal Law No. 17 of 2002), and Trademark Law (Federal Law No. 37 of 1992). It is commonly used in business acquisitions, employee/contractor relationships, or when monetizing intellectual property assets. The document includes detailed descriptions of the IP being transferred, warranties of ownership, and terms of the transfer, ensuring legal certainty and proper documentation for UAE authorities.
Suggested Sections

1. Parties: Identification of the Assignor and Assignee with full legal names and addresses

2. Background: Context of the assignment, relationship between parties, and brief description of the IP being transferred

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

4. Assignment: Core provision transferring ownership of the IP from Assignor to Assignee, including the scope of rights being transferred

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

6. Effective Date: Specification of when the assignment takes effect

7. Assignor's Representations and Warranties: Warranties regarding ownership, right to transfer, non-infringement, and validity of IP

8. Further Assurances: Obligation to execute additional documents and assist with IP transfer formalities

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

10. Entire Agreement: Standard integration clause confirming the agreement represents the complete understanding between parties

Optional Sections

1. Confidentiality: Required when sensitive information needs to be protected during and after the assignment process

2. Tax Provisions: Include when there are specific tax implications or allocations related to the IP transfer

3. Post-Assignment Obligations: Add when ongoing obligations exist after the transfer, such as maintenance of registrations

4. Third Party Rights: Include when the IP involves or affects third party rights or licenses

5. Moral Rights: Required for copyright assignments where moral rights need to be addressed

6. Assignment Registration: Include specific provisions about registering the assignment with relevant UAE authorities

7. Survival: Add when certain provisions need to survive the completion of the assignment

Suggested Schedules

1. Schedule 1 - Description of Intellectual Property: Detailed description of all IP being transferred, including registration numbers and status

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

3. Schedule 3 - Assignment Documents: Forms and documents required for recording the assignment with relevant UAE authorities

4. Schedule 4 - Payment Schedule: If payment is in installments or subject to conditions, detailed payment terms and schedule

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

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

Healthcare

Pharmaceuticals

Manufacturing

Research and Development

Creative Industries

Media and Entertainment

Biotechnology

Education

Consulting

Engineering

Fashion and Design

Consumer Goods

Telecommunications

Relevant Teams

Legal

Intellectual Property

Research and Development

Innovation

Business Development

Commercial

Corporate Development

Technology Transfer

Compliance

Patents and Trademarks

Relevant Roles

Legal Counsel

Intellectual Property Lawyer

Contract Manager

Business Development Manager

Chief Technology Officer

Research Director

Innovation Manager

Patent Attorney

Technology Transfer Officer

CEO

Startup Founder

General Counsel

IP Portfolio Manager

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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