Intellectual Property Deed of Assignment
Deed of assignment of Intellectual Property Rights by a founder to a company
Should a founder assign intellectual property to the company?
A founder may have been involved in the development of intellectual property used in the business of the company. It may be that this work was done prior to the company’s incorporation or prior to the founder becoming an employee of the company. If so, it is possible that the legal ownership of intellectual property rights in the concept, work and other content created by the founder does not vest in the company but remains vested in the founder.
In these circumstances, an investor should require that, on the closing of the investment, the founder executes a deed of assignment of any such intellectual property that the founder may still own.
About this document
This document is a deed of assignment of intellectual property by a founder to the company.
- deed of assignment by a founder to the company
- definitions of IPR
- assignment and further assurance clauses
- warranties as to ownership of IPR by the founder
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