Assignment Of Intellectual Property

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Such transfers may occur on their own or as parts of larger asset sales or purchases.

Intellectual property assignment agreements both provide records of ownership and transfer and protect the rights of all parties.

Please review the entire document before starting your step-by-step process. Last wills and living trusts can accomplish similar objectives.

Whether a living trust is better for you than a will depends on whether the additional options it provides are worth the cost.

A properly-drafted intellectual property assignment can help in both circumstances.

An intellectual property assignment is the transfer of an owner’s property rights in copyrights, trademarks, patents, trade secrets, or other intangible creations.

Startup founders should have complete ownership, in writing, of all intellectual property assets during the formation of the company.

Not only is the legal ownership a requirement for most investors, but it can also keep patent trolls and companies that want to copy your products at bay.

This last is an important point when hiring a software developer.

The developer is strictly hired to create a work product, namely a software program or application.

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