This Intellectual Property Agreement ("Agreement") is made and entered into as of [Date] by and between:
Assignor (Disclosing Party):
("Assignor")
Assignee (Receiving Party):
("Assignee")
WHEREAS, Assignor owns certain intellectual property (the "Intellectual Property") described below; and
WHEREAS, Assignee desires to acquire certain rights in the Intellectual Property.
NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows:
1. Intellectual Property
The Intellectual Property subject to this Agreement includes:
2. Assignment of Rights
Assignor hereby assigns to Assignee all right, title, and interest in and to the Intellectual Property, throughout the world, in perpetuity.
[Alternatively, for a license instead of an assignment:]
3. Representations and Warranties
Assignor represents and warrants that:
4. Confidentiality
Assignee agrees to hold confidential all non-public information of Assignor disclosed to Assignee under this Agreement, and to use such information only for the purposes of this Agreement.
5. Term and Termination
This Agreement shall commence on the date first written above and shall continue in perpetuity (or for a specified term, if applicable). This Agreement may be terminated by either party upon written notice to the other party for any reason.
6. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [Your State] (USA) or the Province of [Your Province] (Canada), as applicable.
7. Entire Agreement
This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous communications, representations, or agreements, whether oral or written.
8. Severability
If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall remain in full force and effect.
9. Notices
All notices required or permitted hereunder shall be in writing and shall be deemed given when delivered personally, sent by certified or registered mail, postage prepaid, return receipt requested, or sent by overnight courier service to the addresses set forth above.
10. Signatures
Assignor:
[Your Signature]
[Your Printed Name]
Assignee:
[Client Signature]
[Client Printed Name]
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