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Intellectual Property Rights Release Agreement

Intellectual Property Rights Release Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Intellectual Property Rights Release Agreement

"I need an Intellectual Property Rights Release Agreement under UAE law for my software company to transfer all IP rights, including source code and patents, to an acquiring company following our acquisition closing on March 15, 2025."

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Document background
The Intellectual Property Rights Release Agreement is a crucial legal instrument used in the United Arab Emirates when one party wishes to formally transfer or release intellectual property rights to another party. This document is particularly relevant in scenarios involving corporate acquisitions, technology transfers, settlement of IP disputes, or completion of development projects. The agreement must comply with UAE Federal Laws governing intellectual property, including Federal Law No. 7 of 2002 (Copyright Law) and Federal Law No. 17 of 2002 (Industrial Property Rights Law). It typically includes comprehensive details about the IP being transferred, warranties about ownership and non-infringement, indemnification provisions, and specific terms regarding the scope of the release. This type of agreement is essential for ensuring clear documentation of IP rights transfers and minimizing potential future disputes in the UAE jurisdiction.
Suggested Sections

1. Parties: Identification of the parties including the rights holder (Releasor) and the recipient (Releasee), with full legal names and addresses

2. Background: Context of the agreement, relationship between parties, and brief description of the intellectual property rights being released

3. Definitions: Detailed definitions of key terms including 'Intellectual Property Rights', 'Released Rights', 'Effective Date', and other relevant terms

4. Release of Rights: Comprehensive description of the intellectual property rights being released and the nature of the release

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

6. Representations and Warranties: Releasor's warranties regarding ownership, right to transfer, non-infringement, and other standard IP warranties

7. Indemnification: Indemnification obligations of the Releasor regarding the released IP rights

8. Term and Termination: Duration of the agreement and circumstances under which it may be terminated

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

10. General Provisions: Standard boilerplate clauses including entire agreement, amendments, severability, and notices

Optional Sections

1. Confidentiality: Required when the release involves confidential information or trade secrets that need ongoing protection

2. Further Assurances: Include when additional actions may be needed to perfect or record the transfer of rights

3. Moral Rights: Necessary when dealing with copyright works where moral rights need to be specifically addressed

4. Territory Restrictions: Include when the release is limited to specific geographic territories

5. Registration and Recordal: Required when the IP rights need to be formally recorded with government authorities

6. Survival: Include when certain provisions need to survive termination of the agreement

7. Third Party Rights: Necessary when the IP involves or affects third party rights or licenses

Suggested Schedules

1. Schedule 1 - Description of Intellectual Property: Detailed description of all IP being released, including registration numbers where applicable

2. Schedule 2 - Existing Licenses and Encumbrances: List of any existing licenses, permissions, or encumbrances affecting the IP

3. Schedule 3 - Payment Terms: Detailed payment schedule and terms if the consideration is complex or involves multiple payments

4. Appendix A - Required Forms: Any government forms or official documentation required for the transfer of rights

5. Appendix B - Prior Rights: Documentation of chain of title or prior rights relevant to the IP being released

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

alex.den.21@genieai.co
Relevant legal definitions



































Clauses































Relevant Industries

Technology

Media and Entertainment

Pharmaceuticals

Biotechnology

Manufacturing

Research and Development

Education

Software Development

Creative Industries

Healthcare

Engineering

Telecommunications

Fashion and Design

Publishing

Gaming

Relevant Teams

Legal

Intellectual Property

Research and Development

Innovation

Corporate Development

Business Development

Technology Transfer

Product Development

Licensing

Compliance

Corporate Strategy

Technical Operations

Relevant Roles

Legal Counsel

Intellectual Property Lawyer

Chief Legal Officer

Chief Technology Officer

Research Director

Innovation Manager

IP Rights Manager

Licensing Manager

General Counsel

Business Development Manager

Corporate Lawyer

Patent Attorney

Technology Transfer Officer

R&D Manager

Chief Executive Officer

Chief Innovation Officer

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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