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Assignment Of Intellectual Property Rights

Assignment Of Intellectual Property Rights Generator for United Arab Emirates

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Assignment Of Intellectual Property Rights

"I need an Assignment of Intellectual Property Rights agreement for transferring software patents and related technology from my tech startup to a multinational corporation, with the transfer to be completed by March 2025 and including provisions for ongoing technical support during the transition period."

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Document background
The Assignment Of Intellectual Property Rights agreement is essential in the UAE business environment where intellectual property transfers are becoming increasingly common in corporate transactions, technology transfers, and business restructuring. This document is typically used when there's a need to transfer ownership of patents, trademarks, copyrights, or other intellectual property rights from one entity to another, whether as part of a business sale, corporate restructuring, or standalone IP transaction. The agreement must comply with UAE Federal Laws governing intellectual property and commercial transactions, and often requires registration with relevant UAE authorities such as the Ministry of Economy's IP offices. It includes detailed provisions for the transfer of rights, warranties of ownership, and mechanisms for ensuring effective transfer of registrable rights.
Suggested Sections

1. Parties: Identification of the Assignor and Assignee, including full legal names, addresses, and registration details if companies

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

3. Definitions: Definitions of key terms including 'Intellectual Property Rights', 'Effective Date', 'Assignment', and specific IP categories being transferred

4. Assignment: Core clause detailing the transfer of rights, explicitly stating that all rights, title, and interest in the IP are being transferred absolutely and unconditionally

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

6. Warranties and Representations: Assignor's warranties regarding ownership, right to transfer, non-infringement, and absence of third-party claims

7. Further Assurance: Obligation to execute additional documents and assist with IP registration transfers

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

9. Entire Agreement: Confirmation that this document represents the entire agreement between parties regarding the IP assignment

10. Execution: Signature blocks and execution formalities compliant with UAE requirements

Optional Sections

1. Confidentiality: Required when confidential information needs to be exchanged during the assignment process

2. Tax Provisions: Include when there are specific tax implications that need to be addressed

3. Employee/Contractor Obligations: Required when the IP was created by employees or contractors who need to be referenced

4. Registration and Recordal: Include when specific steps for recording the assignment with UAE authorities need to be detailed

5. Moral Rights: Include for copyright assignments where moral rights need to be specifically addressed under UAE law

6. Indemnification: Include when specific indemnities are required beyond standard warranties

7. Survival: Include when certain provisions need to survive the assignment

8. Language: Required when the agreement needs to be in both Arabic and English

Suggested Schedules

1. Schedule 1 - Intellectual Property Rights: Detailed list and description of all IP being transferred, including registration numbers where applicable

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

3. Schedule 3 - Assignment Forms: Forms required by UAE IP offices for recording the assignment

4. Schedule 4 - Payment Terms: Detailed payment schedule and terms if payment is not made in full upon signing

5. Appendix A - Power of Attorney: If required for registration purposes with UAE authorities

6. Appendix B - IP Registration Certificates: Copies of existing registration certificates for the IP being transferred

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Technology

Pharmaceutical

Manufacturing

Media and Entertainment

Software Development

Research and Development

Biotechnology

Engineering

Consumer Goods

Education

Healthcare

Professional Services

Telecommunications

Creative Industries

Financial Services

Relevant Teams

Legal

Intellectual Property

Research and Development

Innovation

Business Development

Executive Leadership

Technology Transfer

Corporate Affairs

Compliance

Commercial Operations

Relevant Roles

Legal Counsel

Intellectual Property Manager

Chief Technology Officer

Research Director

Innovation Manager

Business Development Manager

CEO

Commercial Director

Patent Attorney

Licensing Manager

General Counsel

IP Coordinator

Technology Transfer Officer

R&D Manager

Corporate Lawyer

Industries
Federal Law No. 17 of 2002 on Industrial Regulation and Protection of Patents, Industrial Drawings, and Designs: This law governs patents, industrial designs and drawings in the UAE, including their registration, protection, and transfer of rights.
Federal Law No. 7 of 2002 Concerning Copyrights and Neighboring Rights: Regulates copyright protection in the UAE, covering literary, artistic and scientific works, including software and databases, and the transfer of these rights.
Federal Law No. 37 of 1992 on Trademarks: Governs trademark registration, protection, and assignment in the UAE, including service marks and trade names.
UAE Civil Code (Federal Law No. 5 of 1985): Contains general principles of contract law that apply to assignments and transfers of rights, including provisions on validity, enforceability, and termination of contracts.
Federal Law No. 18 of 1993 on Commercial Transactions: Relevant for commercial aspects of IP assignments, particularly when the assignment is part of a business transaction.
Paris Convention for the Protection of Industrial Property: International treaty to which UAE is a signatory, providing framework for industrial property protection including patents and trademarks.
WIPO Copyright Treaty: International treaty governing copyright protection in the digital environment, which the UAE has acceded to.
Federal Law No. 2 of 2015 on Commercial Companies: Relevant when the IP assignment involves company assets or is part of a corporate transaction.
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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