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Intellectual Property Rights Release Agreement

Intellectual Property Rights Release Agreement Template for Ireland

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Key Requirements PROMPT example:

Intellectual Property Rights Release Agreement

"I need an Intellectual Property Rights Release Agreement for my software company to release all IP rights in our mobile gaming application to our parent company, including source code and related documentation, with the transfer to be effective from March 1, 2025."

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Document background
The Intellectual Property Rights Release Agreement is a crucial legal instrument used when one party needs to formally relinquish their intellectual property rights in favor of another party under Irish law. This document is commonly utilized in corporate restructuring, mergers and acquisitions, project completions, or settlement of IP disputes. It provides a comprehensive framework for releasing various types of intellectual property rights, including patents, copyrights, trademarks, and trade secrets. The agreement ensures compliance with Irish intellectual property legislation and relevant EU regulations, making it particularly suitable for transactions involving Irish companies or IP rights registered in Ireland. It typically includes detailed schedules of the IP being released, warranties regarding ownership and non-infringement, and provisions for any compensation or consideration involved in the release.
Suggested Sections

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

2. Background: Context of the IP rights release, relationship between parties, and purpose of the agreement

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

4. Scope of Release: Comprehensive description of the IP rights being released and the extent 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 release, and non-infringement of third-party rights

7. Waiver: Explicit waiver of rights and claims related to the released IP

8. Indemnification: Indemnification obligations of both parties

9. Term and Termination: Duration of the agreement and any termination provisions

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

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

Optional Sections

1. Moral Rights: Specific section for waiver of moral rights, particularly relevant for creative works

2. Confidentiality: Provisions regarding confidential information, needed if sensitive information is involved

3. Future Rights: Provisions dealing with derivative works or future developments, relevant for ongoing creative or technical works

4. Registration and Recordal: Procedures for recording the release with relevant IP offices, needed for registered IP rights

5. Third Party Rights: Provisions addressing any third-party beneficiaries or rights, relevant when multiple parties have interests

6. Territorial Scope: Specific provisions for multi-jurisdictional releases

7. Survival: Specification of provisions that survive termination, relevant for complex releases

Suggested Schedules

1. Schedule 1 - Released IP Rights: Detailed inventory of all IP rights being released, including registration numbers where applicable

2. Schedule 2 - Excluded Rights: List of any IP rights specifically excluded from the release

3. Schedule 3 - Technical Specifications: Technical details of any patents, software, or other technical IP being released

4. Schedule 4 - Prior Licenses and Encumbrances: List of existing licenses, permissions, or encumbrances affecting the IP

5. Appendix A - Form of Assignment: Template for any formal assignment documents required for registration

6. Appendix B - Payment Schedule: Details of any staged payments or ongoing royalties, if applicable

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
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Relevant Industries

Technology

Software Development

Media and Entertainment

Publishing

Research and Development

Pharmaceuticals

Biotechnology

Manufacturing

Creative Industries

Education

Telecommunications

Gaming

Industrial Design

Fashion

Music Industry

Film and Television

Relevant Teams

Legal

Intellectual Property

Research and Development

Innovation

Corporate Development

Business Development

Licensing

Technology Transfer

Product Development

Creative Services

Engineering

Design

Corporate Strategy

Mergers and Acquisitions

Relevant Roles

Legal Counsel

Intellectual Property Lawyer

Corporate Attorney

Patent Attorney

Trademark Lawyer

Research Director

Chief Technology Officer

Innovation Manager

R&D Manager

Creative Director

Chief Executive Officer

Business Development Manager

Licensing Manager

IP Portfolio Manager

General Counsel

Company Secretary

Chief Legal Officer

Technology Transfer 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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