Document background
The Assignment Of Inventions Agreement is a critical legal instrument used in New Zealand when transferring ownership rights of inventions from one party to another. This document is commonly employed in various scenarios, including employee-employer relationships, commercial transactions, or research partnerships. It ensures clear documentation of the transfer of intellectual property rights, including patents, designs, and associated know-how. The agreement must comply with New Zealand's intellectual property laws, particularly the Patents Act 2013, and includes essential provisions for protecting both assignor and assignee interests. It's particularly important in commercial contexts where companies acquire innovative technologies, in employment situations where companies seek to secure rights to employee inventions, or in research and development partnerships where intellectual property ownership needs to be clearly established.
