Intellectual Property Agreement
An IP Agreement governs the ownership and use of intellectual property created during the course of a relationship (e.g., between an employee and employer, or between two companies). It defines the rights, responsibilities, and obligations concerning the IP.
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Intellectual Property Agreement: Clearly Define IP Ownership and Use
An Intellectual Property (IP) Agreement sets out the terms for how intellectual property can be used, licensed, and protected during a business relationship. With Bind, you can create this agreement to prevent misunderstandings and safeguard your creative and commercial assets.
Parties and Purpose
Defines the Owner of the intellectual property and the Licensee, along with the specific purpose for which the IP will be used.
License Grant
Outlines the scope of the license (e.g., non-exclusive), what is permitted, and the duration of use.
Ownership of IP
Makes it clear that the original owner retains full ownership rights, even during licensed use.
Fees and Payment Terms
Specifies the annual license fee, when it is due, and how it must be paid.
Confidentiality
Requires both parties to maintain confidentiality over shared information, including the IP itself.
Indemnity
Protects the IP owner from legal or financial consequences arising from the licensee’s misuse of the IP.
Termination and Duration
Sets the agreement’s duration and the process for early termination.
Governing Law
States that the agreement is governed by the laws of England and Wales.
With Bind, you can eSign the Intellectual Property Agreement and send it for signature to the other party immediately—ensuring both sides are protected and aligned on the terms of use.
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