The Assignment Of Invention Agreement is a critical legal instrument used in Australian intellectual property transactions to transfer ownership rights in inventions from inventors to commercial entities, research institutions, or other parties. This document is essential when companies acquire new technologies, when employees transfer rights to employer-entities, or when research institutions commercialize innovations. The agreement must comply with Australian patent law, particularly the Patents Act 1990 (Cth), and consider related legislation such as the Competition and Consumer Act 2010. It typically includes detailed descriptions of the invention, warranties of ownership and originality, consideration terms, and obligations for future cooperation in patent prosecution or enforcement. The document is particularly relevant in research and development contexts, technology transfers, and employment relationships where intellectual property rights need to be clearly assigned.
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1. Parties: Identification of the Assignor (inventor) and Assignee, including full legal names and addresses
2. Background: Context of the invention and the purpose of the assignment
3. Definitions: Key terms used throughout the agreement, including 'Invention', 'Intellectual Property Rights', 'Effective Date', etc.
4. Assignment: Core provision transferring all rights, title, and interest in the invention from Assignor to Assignee
5. Consideration: Details of payment or other consideration for the assignment
6. Representations and Warranties: Assignor's declarations regarding ownership, right to assign, non-infringement, and no prior assignments
7. Further Assurance: Obligation to execute additional documents and assist with patent applications or proceedings
8. Confidentiality: Obligations regarding confidential information related to the invention
9. Taxes and Expenses: Responsibility for costs associated with the assignment and registration
10. Governing Law and Jurisdiction: Specification of Australian law and jurisdiction for dispute resolution
1. Multiple Inventors: Additional provisions when there are multiple inventors assigning their rights
2. Ongoing Development: Provisions for continued development or improvements of the invention
3. Moral Rights: Specific handling of moral rights, particularly relevant for software inventions
4. Non-Competition: Restrictions on Assignor's future activities in related fields
5. Security Interest: Creation and registration of security interests under the PPSA
6. Employee Relations: Additional provisions when the assignment is part of an employment relationship
7. Patent Prosecution: Specific obligations regarding ongoing or future patent applications
8. Royalties: When the assignment includes ongoing royalty payments instead of or in addition to upfront payment
1. Schedule 1 - Invention Description: Detailed technical description of the invention, including any drawings, specifications, and existing patent applications
2. Schedule 2 - Existing IP Rights: List of any existing patents, patent applications, or other IP rights related to the invention
3. Schedule 3 - Consideration Details: Detailed breakdown of payment terms, including any milestone payments or royalty calculations
4. Schedule 4 - Related Agreements: List of any related agreements or licenses that affect the assigned invention
5. Appendix A - Technical Documentation: Additional technical documentation, drawings, or specifications
6. Appendix B - Patent Documentation: Copies of patent applications or grants related to the invention
Relevant legal definitions
Clauses
Relevant Industries
Technology
Biotechnology
Pharmaceutical
Manufacturing
Research and Development
Software Development
Engineering
Medical Devices
Clean Technology
Telecommunications
Electronics
Chemical Industry
Defense Technology
Agricultural Technology
Educational Institutions
Relevant Teams
Legal
Research and Development
Intellectual Property
Executive Leadership
Technology Transfer
Innovation
Product Development
Patent Administration
Corporate Development
Scientific Affairs
Relevant Roles
Patent Attorney
Intellectual Property Lawyer
Research Scientist
R&D Manager
Chief Technology Officer
Innovation Manager
Legal Counsel
Technology Transfer Manager
Chief Executive Officer
Intellectual Property Manager
Research Director
Product Development Manager
University Researcher
Industrial Designer
Software Engineer
Biotechnology Researcher
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