Joint Intellectual Property Agreement Template for New Zealand

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Key Requirements PROMPT example:

Joint Intellectual Property Agreement

"Need a Joint Intellectual Property Agreement for a collaboration between our biotech company and the University of Auckland, starting March 2025, covering joint development of a new vaccine delivery system with provisions for academic publication rights and commercial licensing."

Document background
The Joint Intellectual Property Agreement is essential for organizations collaborating on research, development, or innovation projects in New Zealand. This document becomes necessary when multiple parties intend to create, develop, or commercialize intellectual property together. It ensures compliance with New Zealand's IP legislation, including the Patents Act 2013, Trade Marks Act 2002, and Copyright Act 1994. The agreement typically covers various forms of intellectual property, including patents, copyrights, trademarks, and trade secrets, while establishing clear frameworks for ownership, management, commercialization, and dispute resolution. It's particularly crucial for research institutions, companies, and organizations engaging in collaborative innovation projects where intellectual property rights need to be clearly defined and protected.
Suggested Sections

1. Parties: Identifies and provides details of all parties entering into the agreement

2. Background: Explains the context and purpose of the agreement, including any existing relationships between the parties

3. Definitions: Defines key terms used throughout the agreement

4. Scope of Agreement: Outlines the specific IP assets, projects, or developments covered by the agreement

5. Ownership Rights: Establishes the ownership structure and rights of each party in relation to the joint IP

6. Development and Contributions: Details how new IP will be developed and how contributions will be recognized

7. Protection of IP Rights: Procedures for filing, maintaining, and protecting IP rights

8. Commercialization Rights: Terms for exploiting and commercializing the joint IP

9. Revenue Sharing: Framework for sharing income generated from the joint IP

10. Confidentiality: Obligations regarding confidential information

11. Term and Termination: Duration of the agreement and circumstances for termination

12. Dispute Resolution: Procedures for resolving disputes between parties

13. General Provisions: Standard legal provisions including governing law, entire agreement, and amendments

Optional Sections

1. Academic Rights: For agreements involving academic institutions, covering publication rights and academic use

2. Background IP: When parties bring existing IP to the collaboration, defining rights and usage of pre-existing IP

3. International Protection: For IP rights that may extend internationally, covering multi-jurisdictional protection

4. Technology Transfer: When specific technical knowledge needs to be shared between parties

5. Quality Control: For agreements involving trademarks or branded products

6. Field Restrictions: When limiting the use of IP to specific fields or applications

7. Government Rights: When research involves government funding or regulatory requirements

8. Improvements: Addressing ownership and rights related to future improvements of the joint IP

Suggested Schedules

1. Schedule A - Description of Intellectual Property: Detailed description of all IP assets covered by the agreement

2. Schedule B - Background IP: List and description of pre-existing IP brought by each party

3. Schedule C - Revenue Sharing Formula: Detailed calculations and mechanisms for revenue distribution

4. Schedule D - Management Procedures: Specific procedures for managing and making decisions about the joint IP

5. Schedule E - Approved Third-Party Licenses: List of pre-approved licensing arrangements or templates

6. Appendix 1 - Technical Specifications: Technical details of the IP, including any relevant drawings or documentation

7. Appendix 2 - Commercialization Plan: Initial plans and strategies for commercializing the joint IP

8. Appendix 3 - Contact Details: Key contacts and representatives for each party

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 legal definitions
Clauses
Relevant Industries

Technology

Biotechnology

Research & Development

Manufacturing

Healthcare

Education

Software Development

Engineering

Pharmaceuticals

Agriculture

Clean Technology

Defense

Telecommunications

Relevant Teams

Legal

Research and Development

Intellectual Property

Innovation

Business Development

Executive Leadership

Technology Transfer

Commercial

Scientific Affairs

Corporate Development

Relevant Roles

Chief Technology Officer

Research Director

Intellectual Property Manager

Legal Counsel

Innovation Manager

Business Development Manager

Research Scientist

Patent Attorney

Commercial Director

Chief Executive Officer

Head of R&D

Technology Transfer Manager

Chief Legal Officer

Research Coordinator

Licensing Manager

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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