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Simple Intellectual Property Agreement
"I need a Simple Intellectual Property Agreement to license our company's software algorithm to a manufacturing partner in Wales, with exclusive rights for 3 years starting from January 2025 and including strict confidentiality provisions."
1. Parties: Identification and details of contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. IP Rights Definition: Specific intellectual property being transferred or licensed
5. Grant of Rights: Terms of IP transfer or license
6. Payment Terms: Financial considerations and payment schedule
7. Term and Termination: Duration and ending conditions
1. Warranties: Guarantees about IP ownership and rights - include when specific assurances about IP ownership are required
2. Indemnification: Protection against third-party claims - include when risk of IP infringement claims exists
3. Confidentiality: Protection of sensitive information - include when sharing confidential information
4. Territory Restrictions: Geographical limitations on IP use - include when rights are territorially restricted
1. Schedule 1: IP Rights Description: Detailed description of IP being transferred/licensed
2. Schedule 2: Payment Schedule: Detailed payment terms and milestones
3. Schedule 3: Required Registrations: List of IP registrations and applications
4. Appendix A: Usage Guidelines: Specific rules for IP usage and implementation
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³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
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Read our Privacy Policy.