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Founder IP Assignment Agreement
"I need a Founder IP Assignment Agreement for my Nigerian tech startup that transfers all my software code and AI algorithms to the company, including both existing IP and future developments until January 2025, with specific provisions for international patent applications."
1. Parties: Identification of the Founder(s) as Assignor(s) and the Company as Assignee
2. Background: Context of the agreement, relationship between parties, and purpose of the IP assignment
3. Definitions: Detailed definitions of key terms including Intellectual Property Rights, Assigned Rights, Effective Date, and other relevant terms
4. Assignment of Intellectual Property: Core section detailing the complete transfer of all relevant IP rights from Founder to Company
5. Consideration: Details of any payment or consideration for the IP assignment
6. Warranties and Representations: Founder's warranties regarding IP ownership, no infringement, right to assign, etc.
7. Further Assurance: Founder's commitment to execute additional documents and assist with IP protection
8. Waiver of Rights: Founder's waiver of moral rights and other non-assignable rights where permitted by law
9. Confidentiality: Obligations regarding confidential information related to the assigned IP
10. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction for disputes
1. Power of Attorney: Optional section granting the company power to act on founder's behalf in IP matters - useful for international IP rights
2. Third Party Rights: Section addressing any third-party rights or licenses - needed if IP involves third-party components
3. Royalty Provisions: Optional section for cases where ongoing royalties are part of the consideration
4. Competition Restrictions: Optional restrictions on founder's future IP development - include only if specifically required
5. Tax Provisions: Detailed tax treatment of the IP assignment - necessary for high-value IP transfers
1. Schedule 1 - Existing IP Rights: Detailed list and description of all IP being assigned, including registration numbers where applicable
2. Schedule 2 - Pending IP Applications: List of all pending patent, trademark, or other IP applications
3. Schedule 3 - Excluded IP: List of any IP specifically excluded from the assignment
4. Schedule 4 - Prior Agreements: List of any existing agreements affecting the assigned IP
5. Appendix A - IP Assignment Forms: Standard forms for recording the IP assignment with relevant Nigerian authorities
6. Appendix B - Technical Documentation: List of all technical documents, source code, or other materials being transferred
Authors
Technology
Software Development
Biotechnology
Manufacturing
Research and Development
Media and Entertainment
Financial Technology
Healthcare Technology
Educational Technology
E-commerce
Telecommunications
Clean Technology
Artificial Intelligence
Blockchain
Consumer Products
Legal
Executive Leadership
Research and Development
Innovation
Intellectual Property
Corporate Governance
Product Development
Technology
Compliance
Chief Executive Officer
Chief Technology Officer
Chief Legal Officer
Company Founder
Co-Founder
Intellectual Property Counsel
Corporate Lawyer
General Counsel
Legal Director
Company Secretary
Innovation Director
Research Director
Product Development Manager
Technology Director
Startup Founder
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