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Intellectual Property Assignment Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Intellectual Property Assignment Agreement

"I need an Intellectual Property Assignment Agreement for transferring all patents and related technology from our UAE-based software development company to a multinational tech corporation, with the deal scheduled to complete by March 2025."

Document background
The Intellectual Property Assignment Agreement is a crucial legal instrument used in the United Arab Emirates for transferring ownership of intellectual property rights. This document is essential when companies or individuals need to transfer ownership of patents, trademarks, copyrights, or trade secrets, such as in mergers and acquisitions, employee inventions, or technology transfers. The agreement must comply with UAE Federal laws, including specific requirements for IP registration and transfer with local authorities. It is particularly important in the UAE's growing innovation and technology sectors, where intellectual property protection and transfer are critical for business operations. The document includes detailed descriptions of the IP being transferred, warranties of ownership, consideration terms, and provisions for future cooperation in IP registration and enforcement.
Suggested Sections

1. Parties: Identification of the Assignor and Assignee, including full legal names, addresses, and registration details if companies

2. Background: Context of the assignment, relationship between parties, and brief description of the intellectual property being assigned

3. Definitions: Detailed definitions of key terms including Intellectual Property Rights, Effective Date, Assignment, etc.

4. Assignment: Core provision transferring all rights, title, and interest in the IP from Assignor to Assignee

5. Consideration: Details of payment or other consideration for the assignment

6. Representations and Warranties: Assignor's warranties regarding ownership, right to assign, non-infringement, and validity of IP

7. Further Assurances: Obligation to execute additional documents and assist with IP registration transfer

8. Waiver of Rights: Express waiver of any moral rights or other non-transferable rights where permitted by law

9. Indemnification: Assignor's obligation to indemnify Assignee against third-party claims

10. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes

11. Entire Agreement: Standard integration clause confirming the agreement represents the entire understanding between parties

Optional Sections

1. Confidentiality: Required when confidential information is involved in the transfer or ongoing obligations

2. Registration Requirements: Include when IP requires registration transfers with UAE authorities

3. Tax Provisions: Include when there are specific tax implications requiring handling

4. Assignment of Related Rights: Include when there are associated rights like domain names or social media accounts

5. Post-Assignment Cooperation: Include when ongoing cooperation is needed for IP prosecution or enforcement

6. Non-Competition: Include when restricting Assignor's future use of similar IP is necessary

7. Survival: Include when certain provisions need to survive termination

8. Language: Include when agreement needs to be in both Arabic and English

Suggested Schedules

1. Schedule 1 - Details of Intellectual Property: Comprehensive list and description of all IP being assigned, including registration numbers

2. Schedule 2 - Assignment Forms: Specific forms required for recording the IP assignment with relevant UAE authorities

3. Schedule 3 - Existing Licenses and Encumbrances: List of any existing licenses, security interests or other encumbrances affecting the IP

4. Schedule 4 - Payment Terms: Detailed payment schedule and terms if payment is not made in full at signing

5. Appendix A - Power of Attorney: Required for executing registration transfers with UAE IP offices

6. Appendix B - Due Diligence Results: Summary of IP due diligence findings and identified risks

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions








































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Relevant Industries

Technology

Healthcare

Pharmaceuticals

Manufacturing

Research & Development

Education

Media & Entertainment

Software Development

Biotechnology

Telecommunications

Fashion & Design

Engineering

Consumer Goods

Financial Services

Automotive

Relevant Teams

Legal

Intellectual Property

Research and Development

Innovation

Corporate Development

Technology Transfer

Business Development

Executive Leadership

Product Development

Commercial

Relevant Roles

Legal Counsel

Intellectual Property Lawyer

Chief Technology Officer

Research Director

Innovation Manager

Patent Attorney

General Counsel

Corporate Lawyer

Technology Transfer Manager

Business Development Director

Chief Executive Officer

Chief Legal Officer

Research Scientist

Product Development Manager

Intellectual Property Manager

Commercial Director

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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