Assignment Of Invention Agreement

Assignment Of Invention Agreement Template for Singapore

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Key Requirements PROMPT example:

"I need an Assignment of Invention Agreement under Singapore law to transfer rights for our new AI-powered medical diagnostic software from our lead developer to our company, with payment in installments over 12 months starting March 2025."

Document background

The Assignment Of Invention Agreement is essential in Singapore's innovation-driven economy where intellectual property rights need clear documentation and protection. This agreement is commonly used when employees transfer invention rights to employers, during company acquisitions, or in research collaborations. The document includes detailed descriptions of the invention, terms of transfer, warranties of ownership, and consideration. Under Singapore law, such assignments must be in writing and properly executed to be enforceable. The agreement should comply with the Patents Act (Cap. 221) and related legislation, ensuring all parties' rights are protected and the transfer is legally valid.

Suggested Sections

1. Parties: Identifies and details the assignor and assignee

2. Background: Context of the invention and reason for assignment

3. Definitions: Key terms used throughout the agreement including 'Invention', 'Intellectual Property Rights', and 'Effective Date'

4. Assignment: Core terms of transfer of invention rights, including scope and timing of the assignment

5. Representations and Warranties: Assignor's statements about ownership, right to assign, and non-infringement of third-party rights

6. Consideration: Payment or other value exchanged for the assignment

7. Execution: Signature blocks and execution requirements

Optional Sections

1. Further Assurance: Commitment to additional documentation or assistance in securing and protecting rights to the invention

2. Confidentiality: Non-disclosure obligations regarding the invention and related information

3. Tax Provisions: Allocation of tax responsibilities and implications of the assignment

4. Dispute Resolution: Process for handling disagreements including jurisdiction and governing law specifics

Suggested Schedules

1. Schedule 1 - Invention Description: Detailed technical description of the invention including specifications and characteristics

2. Schedule 2 - Patent Applications: List of related patent applications or grants, including application numbers and jurisdictions

3. Schedule 3 - Payment Schedule: Details of payment terms, amounts, and timing if consideration is paid in installments

4. Schedule 4 - Related Documentation: Supporting technical documents, drawings, specifications, and other relevant materials

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 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
Biotechnology
Manufacturing
Research Institutions
Engineering

Relevant Teams

Research & Development
Legal
Intellectual Property
Engineering
Corporate Development

Relevant Roles

Research Scientist
R&D Director
Patent Attorney
Chief Technology Officer
Innovation Manager

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Let's create your Assignment Of Invention Agreement

Authors

Alex Denne

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