Document background
The Assignment Of Future Intellectual Property Rights agreement is essential in situations where intellectual property will be created over time and needs to be automatically transferred to another party upon creation. This document is commonly used in employment relationships, research projects, and development contracts governed by English and Welsh law. It provides certainty about ownership of future IP, helps prevent disputes, and ensures compliance with UK intellectual property legislation. The agreement typically covers various forms of IP including patents, copyright, design rights, and trade marks, specifying the scope, duration, and conditions of the assignment.
