Joint Patent Ownership Agreement

Joint Patent Ownership Agreement Generator for United Arab Emirates

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Key Requirements PROMPT example:

"Need a Joint Patent Ownership Agreement for a collaboration between our AI software company and UAE University, where we'll jointly own a patent for a machine learning algorithm, with revenue sharing set at 60-40 split and the university retaining rights for academic research."

Document background

A Joint Patent Ownership Agreement is essential when multiple parties share ownership rights to one or more patents in the UAE jurisdiction. This document becomes necessary in scenarios such as collaborative research projects, joint ventures, or when patents are jointly developed or acquired. The agreement, governed by UAE Federal Law No. 11 of 2021 on Industrial Property Rights, establishes clear frameworks for patent management, commercialization rights, revenue sharing, and dispute resolution. It's particularly crucial in the UAE's developing innovation ecosystem, where international collaborations and local partnerships are increasingly common. The document must carefully balance UAE legal requirements with practical considerations for patent exploitation and protection, while ensuring alignment with international patent conventions to which the UAE is a signatory.

Suggested Sections

1. Parties: Identification of all parties to the agreement, including their legal status and registered addresses

2. Background: Context of the agreement, including how the joint ownership arose and brief description of the patent(s)

3. Definitions: Definitions of key terms used throughout the agreement

4. Ownership Rights: Declaration of ownership percentages and rights of each party

5. Patent Management: Responsibilities for patent prosecution, maintenance, and payment of fees

6. Commercialization Rights: Rights and obligations regarding the commercial exploitation of the patent

7. Revenue Sharing: Agreement on how revenue from the patent will be shared between parties

8. Protection and Enforcement: Procedures for protecting the patent and enforcing rights against infringers

9. Confidentiality: Obligations regarding confidential information related to the patent

10. Term and Termination: Duration of the agreement and circumstances for termination

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

12. General Provisions: Standard boilerplate clauses including notices, amendments, and severability

Optional Sections

1. Future Developments: Terms governing ownership of improvements or developments to the patent

2. Quality Control: Required when products will be manufactured under the patent to maintain standards

3. Export Controls: Necessary when the patent involves technology subject to export control regulations

4. Joint Development: Required when parties will continue to jointly develop the technology

5. Third Party Licenses: Terms governing the granting of licenses to third parties

6. Territory Restrictions: Specific terms for different geographical territories if applicable

7. Academic Rights: Required when one party is an academic institution with publication rights

8. Government Rights: Required when the patent resulted from government-funded research

Suggested Schedules

1. Schedule 1 - Patent Details: Detailed description of the patent(s), including registration numbers and jurisdictions

2. Schedule 2 - Revenue Sharing Calculations: Detailed methodology for calculating and distributing revenue

3. Schedule 3 - Management Procedures: Specific procedures for decision-making and patent management

4. Schedule 4 - Commercialization Plan: Agreed plan for commercial exploitation of the patent

5. Appendix A - Technical Specifications: Technical details and specifications of the patented invention

6. Appendix B - Existing Licenses: List of any existing licenses or commitments related to the patent

7. Appendix C - Contact Details: Designated contacts for each party for various aspects of patent management

Authors

Alex Denne

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

alex.den.21@genieai.co

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Relevant Teams

Legal

Intellectual Property

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Business Development

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Innovation

Patents

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Intellectual Property Counsel

Patent Attorney

Legal Director

Chief Technology Officer

Research Director

Innovation Manager

Commercial Director

Chief Scientific Officer

Business Development Manager

Technology Transfer Officer

R&D Manager

General Counsel

IP Portfolio Manager

Licensing Manager

Patent Engineer

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