Founder IP Assignment Agreement Template for Malaysia

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Key Requirements PROMPT example:

Founder IP Assignment Agreement

"I need a Founder IP Assignment Agreement for our Malaysian technology startup with three co-founders, where we need to transfer all our software patents and source code developed since January 2025 to our newly incorporated company, including ongoing development rights."

Document background
The Founder IP Assignment Agreement is a crucial document typically executed during company formation or investment rounds in Malaysia. It serves to clearly establish the company's ownership of all relevant intellectual property created by its founders, which is often essential for securing investment, maintaining clean corporate records, and preventing future disputes. This agreement is particularly important in the Malaysian context where intellectual property protection is governed by multiple statutes and regulations. The document covers all forms of intellectual property including patents, copyrights, trademarks, trade secrets, and industrial designs, ensuring comprehensive protection under Malaysian law. It's commonly required by investors and is considered best practice for startups and established companies alike.
Suggested Sections

1. Parties: Identifies the founder(s) as assignor(s) and the company as assignee

2. Background: Explains the context of the agreement, including the founder's role and the purpose of the IP assignment

3. Definitions: Defines key terms including Intellectual Property Rights, Assigned IP, Effective Date, and other relevant terms

4. Assignment: Core provision transferring all rights, title, and interest in the IP from founder to company

5. Consideration: States the consideration provided for the assignment (often nominal sum or shares in the company)

6. Warranties and Representations: Founder's warranties regarding IP ownership, no infringement, right to assign, etc.

7. Further Assurance: Founder's obligation to assist with IP registration, documentation, and enforcement

8. Waiver of Rights: Founder's waiver of moral rights and other non-assignable rights where applicable

9. Confidentiality: Obligations to keep confidential information secret and secure

10. General Provisions: Standard boilerplate including governing law, notices, entire agreement, etc.

Optional Sections

1. Third Party Rights: Include when there are existing licenses or third-party rights that need to be addressed

2. Ongoing Development: Include when founder will continue developing IP after assignment

3. License Back: Include when founder needs limited rights to use assigned IP for specific purposes

4. Non-Competition: Include when additional restrictions on founder's future activities are needed

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

6. Power of Attorney: Include when company needs specific authority to act on founder's behalf for IP matters

Suggested Schedules

1. Schedule 1 - Assigned IP: Detailed list of all IP being assigned, including patents, copyrights, trademarks, designs, domain names

2. Schedule 2 - Existing Third Party Licenses: List of any existing licenses or permissions granted to third parties

3. Schedule 3 - Consideration Details: Details of any complex consideration structure (if applicable)

4. Schedule 4 - Assignment Forms: Standard form documents for registering the IP assignment with relevant authorities

5. Appendix A - Prior IP: List of any IP explicitly excluded from the assignment

6. Appendix B - Required Registrations: List of IP registrations and applications that need to be 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

Relevant Industries

Technology

Software Development

Biotechnology

Manufacturing

Creative Industries

Media and Entertainment

Research and Development

Professional Services

E-commerce

Healthcare Technology

Financial Technology

Educational Technology

Relevant Teams

Legal

Executive Leadership

Research and Development

Intellectual Property

Corporate Governance

Innovation

Technical Development

Corporate Secretarial

Compliance

Business Development

Relevant Roles

CEO

Founder

Co-Founder

Chief Technology Officer

Chief Legal Officer

General Counsel

Legal Counsel

Company Secretary

Intellectual Property Counsel

Patent Attorney

Innovation Director

Research Director

Head of Research and Development

Chief Innovation Officer

Technical Director

Managing Director

Industries
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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