Intellectual Property Deed of Assignment: third party contractor

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This document is a deed of assignment of intellectual property rights by a third party to the company.

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Intellectual Property Deed of Assignment: third party contractor

Deed of assignment of intellectual property rights by a third party contractor.

Background

Do intellectual property rights created by a third party belong to the client company?

Whether intellectual property rights created by a third party for a client company during the course of providing development or other services for the company will depend on the terms of the contract between them. In the absence of an express clauses which assigns the ownership of intellectual property, any rights to intellectual property in the work created or developed may not have vested in the company but will be owned by the third party.

In these circumstances, an investor should require that, on the closing of the investment, the founder procures that the third party executes a deed of assignment of the relevant intellectual property in favour of the company.

About this document

This document is a deed of assignment of intellectual property rights by a third party to the company.

Document features

Features include:

  • definitions of developed intellectual property
  • assignment by the third party
  • warranties from the third party
  • further assurance

Explanatory guidance

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

Intellectual Property Deed of Assignment: third party contractor

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