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Founder Ip Assignment Agreement
"I need a Founder IP Assignment Agreement for my Delaware-incorporated software startup with two co-founders, where one founder has existing patents that need to be transferred to the company while excluding their personal side projects."
1. Parties: Identifies the founder(s) and the company entering into the agreement
2. Background: Explains the context of the agreement and the parties' relationship
3. Definitions: Defines key terms used throughout the agreement, particularly IP-related terminology
4. Assignment of Intellectual Property: Core section detailing the transfer of IP rights from founder to company
5. Representations and Warranties: Founder's confirmations regarding ownership and right to assign IP
6. Further Assurances: Founder's commitment to assist with IP protection and enforcement
7. Waiver of Moral Rights: Founder's waiver of non-transferable personal rights in creative works
1. Non-Competition: Restrictions on founder's competitive activities - used when protecting company's competitive position is crucial
2. Consideration: Details of payment or other consideration for the IP assignment - used when specific consideration beyond employment/founder relationship is provided
3. Third Party Rights: Handling of any third-party rights in the assigned IP - used when IP might involve third-party contributions
4. Background IP: Treatment of pre-existing IP - used when founder brings existing IP to the company
1. Schedule of Assigned IP: Detailed list of all IP being assigned
2. Schedule of Excluded IP: List of founder's IP specifically excluded from assignment
3. Schedule of Prior Inventions: List of founder's pre-existing inventions
4. Form of Assignment Documents: Templates for additional assignment documents that may be needed
Authors
Assigned IP
Background IP
Company
Confidential Information
Effective Date
Excluded IP
Founder
Intellectual Property Rights
Inventions
Know-How
Moral Rights
Patents
Prior Inventions
Proprietary Rights
Software
Trade Secrets
Trademarks
Work Product
Works of Authorship
Improvements
Derivative Works
Documentation
Technical Information
Created IP
Third Party Rights
Assignment Date
Consideration
Copyrights
Governing Law
Further Assurances
Representations and Warranties
Moral Rights Waiver
Confidentiality
Non-Competition
Non-Solicitation
Consideration
Remedies
Indemnification
Severability
Governing Law
Jurisdiction
Waiver
Amendment
Entire Agreement
Survival
Force Majeure
Notices
Assignment and Succession
Third Party Rights
Cooperation
Dispute Resolution
Termination
Power of Attorney
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