{"componentChunkName":"component---src-templates-blog-post-ts","path":"/overview-of-ip-transfer-agreement/","result":{"data":{"site":{"siteMetadata":{"title":"Clausehound Blog","author":"Joshua Koudys"}},"markdownRemark":{"id":"b434e897-c0f7-52b1-99c7-cb480f4fbdec","excerpt":"What is this document? An IP Transfer Agreement is an agreement between an individual or corporation transferring its intellectual property (IP) to another…","html":"<h3>What is this document?</h3>\n<p>An IP Transfer Agreement is an agreement between an individual or corporation transferring its intellectual property (IP) to another individual or corporation.</p>\n<h3>When would I use this document?</h3>\n<p>An IP Transfer Agreement can be used in a number of situations, including when a corporation is acquiring another corporation, founders are incorporating a business, and when a party is purchasing a product from another party.</p>\n<h3>Who signs this document?</h3>\n<p>The party transferring its intellectual rights and the party receiving the transferred intellectual rights will both sign this document.</p>\n<h3>More details about this document</h3>\n<p>The party transferring its intellectual property rights will often be called the “<strong>Transferor</strong>” and the party receiving the transferred intellectual property rights will often be called the “<strong>Transferee</strong>”.</p>\n<p>The transfer of intellectual property rights is a permanent transfer and the Transferor will not have any more rights to its intellectual property. Intellectual property that may be transferred include: Domain name rights; trademark rights; patent rights; an invention; a business name; copyright and source code.</p>\n<p>An IP Transfer Agreement can also include a release, where the Transferor agrees to not bring a claim against the Transferee for rights to the intellectual property.</p>\n<p>An IP Transfer Agreement is in favor of the Transferee, since the Transferee will be receiving the rights to the Transferor’s intellectual property forever.</p>\n<h3>What are the core elements of the document?</h3>\n<p>The core elements of an IP Transfer Agreement include: Definition of Intellectual Property; No Third Party Infringement; Release and Assignment.</p>\n<p>Additional clauses may include: License to Non-Assignable Intellectual Property; Disclaimer; and Compensation.</p>\n<h3>Related Documents:</h3>\n<p><strong>Employment Agreement</strong> - an agreement setting out the terms of an employment relationship.</p>\n<p><strong>Contractor/Consulting/Services Agreement</strong> - this type of agreement can have various names, and is used when a person is paid to provide services but is not hired as an employee. Payment can be flexible (e.g. money, shares or some other form of compensation).</p>\n<p><strong>Joint Venture Agreement</strong> - an agreement for a joint business undertaking.</p>\n<p><strong>Software Development Agreement</strong> - an agreement for developing software.</p>\n<p><strong>Asset Purchase Agreement</strong> - an agreement for the sale of the assets of a business.</p>","frontmatter":{"title":"Overview of IP Transfer Agreement","date":"September 06, 2017","description":"An IP Transfer Agreement is an agreement between an individual or corporation transferring its intellectual property to another individual or corporation.","author":{"id":"alva@clausehound.com","first":"Alva","last":"Ching","bio":null,"image":null},"tags":["Intellectual Property","aching","Contract Overviews","IP Transfer"]}}},"pageContext":{"slug":"/overview-of-ip-transfer-agreement/","previous":{"fields":{"slug":"/pick-of-the-litter-graphene-enhanced-spider-silk-proves-to-be-as-strong-as-kelvar/"},"frontmatter":{"title":"Pick of the Litter: Graphene enhanced spider silk proves to be as strong as kevlar","tags":["aching","POTL"],"author":{"id":"alva@clausehound.com","first":"Alva","last":"Ching"}}},"next":{"fields":{"slug":"/blog-bite-what-is-technology-transfer/"},"frontmatter":{"title":"Blog Bite: What is Technology Transfer?","tags":["Intellectual Property","IP Transfer","Mondaq"],"author":{"id":"alina@clausehound.com","first":"Alina","last":null}}}}}}