Document background
The Shared Copyright Agreement is essential in situations where multiple parties collaborate to create intellectual property or wish to share ownership of copyright in Malaysia. This document is particularly relevant in today's collaborative creative environment, where joint ownership of intellectual property is increasingly common. It provides a comprehensive framework compliant with Malaysian copyright law, specifically the Copyright Act 1987, addressing key aspects such as ownership percentages, decision-making processes, revenue sharing, and usage rights. The agreement is crucial for preventing future disputes by clearly defining each party's rights and responsibilities at the outset of the collaboration. It includes specific provisions for protecting the interests of all co-owners while facilitating the commercial exploitation of the work. This type of agreement is especially valuable in creative industries, technology sector, and research collaborations where multiple parties contribute to the creation of copyrightable works.
