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Startup Pack IP Assignment

This document assigns intellectual property rights from an individual to a company. It details the background of the assignment, defines key terms, assigns the rights, provides warranties, and specifies further assistance. The individual acknowledges the assignment is fully compensated and transfers all rights and interests to the company.

Uploaded by

Arijit saha
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
38 views

Startup Pack IP Assignment

This document assigns intellectual property rights from an individual to a company. It details the background of the assignment, defines key terms, assigns the rights, provides warranties, and specifies further assistance. The individual acknowledges the assignment is fully compensated and transfers all rights and interests to the company.

Uploaded by

Arijit saha
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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PLEASE DO NOT DELETE THIS LEGAL DISCLAIMER

This document is intended as a general overview of some of the key terms that are likely to be relevant to a Belgian start-up. It
is governed by Belgian law and is only appropriate for use in Belgium. If any changes are made to the contents of this
document, any cross-referencing may need to be updated.

It is not possible to provide comprehensive advice on the matters that may apply in the particular circumstances of your
business in this document. This document is also by no means exhaustive. If you have any queries or concerns in relation to
this document, we recommend that you seek legal advice before taking any further action. No responsibility is taken for any
actions taken or not taken on the basis of this document.

THIS DECLARATION OF ASSIGNMENT is made on [Insert the date you sign the
agreement].

BETWEEN:

(1) [Insert the full name of the individual] of [insert individual's home address]
("Assignor"); and

(2) [Insert the company name] incorporated under the law of [Belgium OR insert
relevant jurisdiction] with company number [Insert registered company number]
whose registered office is at [Insert address]. ("Assignee").

BACKGROUND:

(A) The Assignor is an [employee / director / shareholder / consultant] of the Assignee.

(B) The Assignor is the owner of the Assigned Rights (as defined below).

(C) The Assignor wishes to assign all its rights, title and interest in and to the Assigned
Rights to the Assignor.

IT IS AGREED:

1. DEFINITIONS AND INTERPRETATION

1.1 The definitions and rules of interpretation in this clause apply in this Assignment.

Assigned Rights: the intellectual property described in Schedule 1.

Intellectual Property Rights: patents, utility models, rights to inventions, copyright


and neighbouring and related rights, moral rights, trade marks, trade names, service
marks and domain names, rights in get-up and trade dress, goodwill and the rights to
sue for passing off or unfair competition, design rights, semi-conductor topography
rights, database rights, confidential information (including know-how and trade
secrets and the rights to use and protect confidential information) and all other
intellectual property rights, in each case whether registered or unregistered and
including all applications, registrations granted pursuant to any of the applications
and rights to apply for and be granted, renewals or extensions of and rights to claim
priority from such rights, and all similar or equivalent rights or forms of protection
which subsist or will subsist now or in the future in any part of the world.

1.2 The Schedules form part of this Assignment and shall have effect as if set out in full
in the body of this Assignment. Any reference to this Assignment includes the
Schedules.

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1.3 Any words following the terms "including", "include" or any similar expression shall
be construed as illustrative and shall not limit the sense of the words preceding those
terms.

2. ASSIGNMENT

The Assignor hereby assigns to the Assignee absolutely with full title guarantee all its
property, right, title and interest in and to:

(a) the Assigned Rights; and

(b) the right to bring and defend proceedings, and obtain and retain any relief
recovered (including damages or an account of profits) in respect of any
infringement, or any other cause of action arising from ownership, of any of
the Assigned Rights whether occurring before, on, or after the date of this
Assignment.
Assignor acknowledges and agrees that the Assignment as well as any of its
undertakings under this declaration is fully and sufficiently compensated and
rewarded by Assignee [Under/by means of [complete]] and that it has no right to any
other future consideration.

3. WARRANTIES

The Assignor warrants that:

(a) it is the sole legal and beneficial owner of, and owns all the rights and
interests in, the Assigned Rights;

(b) for each of the applications and registrations listed in Schedule 1 it is


properly registered as the applicant or registered proprietor, and all
application, registration and renewal fees have been paid;

(c) save as set out in Schedule 2, it has not licensed or assigned any of the
Assigned Rights and the Assigned Rights are free from any security interest,
option, mortgage, charge or lien;

(d) it is unaware of any infringement or likely infringement of any of the


Assigned Rights;

(e) so far as it is aware, all the Assigned Rights are valid and subsisting and there
are and have been no claims, challenges, disputes or proceedings, pending or
threatened, in relation to the ownership, validity or use of any of the Assigned
Rights, and there is nothing that might prevent any application listed in
Schedule 1 proceeding to grant;

(f) so far as it is aware, exploitation of the Assigned Rights will not infringe the
rights of any third party; and

(g) the materials the subject of the Assigned Rights are its original work and
have not been copied wholly or substantially from any other source save
where indicated otherwise in the materials.

4. MORAL RIGHTS

The Assignor irrevocably and unconditionally waives in favour of the Assignee all
and any moral or equivalent rights which the Assignor may now or at any time
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possess in respect of the works comprised within the Assigned Rights in so far as
legally possible in any part of the world.

5. FURTHER ASSURANCE

5.1 The Assignor shall, at the request and cost of the Assignee, perform (or procure the
performance of) all further acts and things, and execute and deliver (or procure the
execution or delivery of) all further documents which the Assignee reasonably
considers necessary to give full effect to this Assignment or to vest in the Assignee
the full benefit of the Assigned Rights including registration of the Assignee as
applicant or proprietor of the Assigned Rights.

5.2 The Assignor shall, at the request and cost of the Assignee, assist the Assignee with
any proceedings which may be brought by or against the Assignee against or by any
third party in relation to the Assigned Rights.

5.3 The Assignor hereby irrevocably and unconditionally appoints the Assignee to be its
attorney in its name and on its behalf to execute documents, use the Assignor’s name
and do all things which may be necessary in connection with this Assignment or are
necessary or desirable for the Assignee to obtain for itself or its nominee the full
benefit of this clause. A certificate in writing, signed by any director or the secretary
of the Assignee that any instrument or act falls within the authority conferred by this
Assignment shall be conclusive evidence that such is the case so far as any third party
is concerned.

6. WAIVER

No failure or delay by a party to exercise any right or remedy provided under this
Assignment or by law shall constitute a waiver of that or any other right or remedy,
nor shall it prevent or restrict the further exercise of that or any other right or remedy.
No single or partial exercise of such right or remedy shall prevent or restrict the
further exercise of that or any other right or remedy.

7. ENTIRE AGREEMENT AND VARIATION

7.1 This Assignment and the documents referred to or incorporated in it constitute the
entire agreement between the parties relating to the subject matter of this Assignment
and supersedes and extinguishes any prior drafts, agreements, undertakings,
representations, warranties and arrangements of any nature whatsoever, whether or
not in writing, between the parties in relation to the subject matter of this Assignment.

7.2 Each of the parties acknowledges and agrees that it has not entered into this
Assignment in reliance on any statement or representation of any person (whether a
party to this Assignment or not) other than as expressly incorporated in this
Assignment.

7.3 Without limiting the generality of the foregoing, each of the parties irrevocably and
unconditionally waives any right or remedy it may have to claim damages and/or to
rescind this Assignment by reason of any misrepresentation (other than a fraudulent
misrepresentation) having been made to it by any person (whether party to this
Assignment or not) and upon which it has relied in entering into this Assignment.

7.4 Each of the parties acknowledges and agrees that the only cause of action available to
it under the terms of this Assignment and the documents referred to or incorporated in
this Assignment shall be for breach of contract.

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7.5 Nothing contained in this Assignment or in any other document referred to or
incorporated in it shall be read or construed as excluding any liability or remedy as a
result of fraud.

7.6 No variation of this Assignment shall be valid unless it is in writing and signed by or
on behalf of each of the parties to this Assignment.

8. SEVERABILITY

The invalidity, illegality or unenforceability of any provisions of this Assignment


shall not affect the continuation in force of the remainder of this Assignment.

9. GOVERNING LAW AND JURISDICTION

9.1 This Assignment and any dispute or claim arising out of or in connection with it or its
subject matter or formation including non-contractual disputes or claims shall be
governed by and construed in accordance with the laws of Belgium.

9.2 Each party irrevocably agrees to submit to the exclusive jurisdiction of the courts of
Belgium over any claim or matter arising under or in connection with this
Assignment.

10 COUNTERPARTS

This Assignment may be executed in any number of counterparts each of which when
executed and delivered by one or more of the parties hereto shall constitute an
original but all of which shall constitute one and the same Assignment.

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SCHEDULE 1

[Please complete this schedule with the details of all the intellectual property being transferred. If the intellectual property is not described correctly
or sufficiently clearly, the assignment may not be effective. If you are at all unsure please seek legal advice.]

Details of Patents:

Country or Application or Date of filing or Title / Description


territory publication registration
number

Details of Registered Trade Marks:

Country or Mark Application or Date of filing Classes Specification of goods or services


territory registration or registration
number

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Details of Unregistered Trade Names:

Country or Mark Date of first use Goods or services for which the mark has been used
territory

Details of Registered Designs:

Country or Application or Date of filing or Title / Description


territory registration number registration

Details of Domain Names:

[Insert list of domain names. Do not include the elements "http://" or "www."]

Details of other materials:

All Intellectual Property Rights in [describe materials. Make sure you include sufficient information to identify what the material is. Include pictures or
copies of document where relevant. For example, all materials connected to the development of [name of product] including [give details e.g. the
technical specification dated [], the software referred to as [ ]].

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SCHEDULE 2

[Insert in this schedule the details of any licences, previous assignments, security interest,
option, mortgage, charge or lien relating to any of the Assigned Rights. If any exist, we
strongly recommend that legal advice is taken as to the effect of these on the Assigned
Rights and this Assignment.]

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Agreed on by the below-mentioned parties at [Insert place], on [Insert date] and drawn
up in as many originals as there are parties. Each party declares that it has received one
original.

FOR [INSERT FULL NAME OF )


INDIVIDUAL/ASSIGNOR] in the presence )
of a witness: )
) Signature

Witness signature

Witness name
(block capitals)

Witness address

FOR [NAME OF COMPANY] by a director )


in the presence of a witness: )
)
) Signature

Name (block capitals)


Director

Witness signature

Witness name
(block capitals)

Witness address

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