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Assignment Agreement Intellectual Property Template for Malaysia

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Key Requirements PROMPT example:

Assignment Agreement Intellectual Property

"I need an Assignment Agreement Intellectual Property for transferring a portfolio of software patents and related technical documentation from our Malaysian subsidiary to our parent company in Singapore, with the transfer to be completed by March 2025."

Document background
The Assignment Agreement Intellectual Property is a critical legal instrument used in Malaysia for transferring ownership of intellectual property rights. This document is essential when companies or individuals need to permanently transfer IP rights, such as during mergers and acquisitions, company restructuring, or commercialization of innovations. The agreement must comply with Malaysian IP laws and regulations, including the Patents Act 1983, Trade Marks Act 2019, and Copyright Act 1987. It's particularly important in corporate transactions, technology transfers, and research commercialization, where clear ownership of intellectual property needs to be established. The document typically includes detailed descriptions of the IP being transferred, warranties about ownership and validity, and provisions for registration with relevant Malaysian authorities.
Suggested Sections

1. Parties: Identification of the Assignor and Assignee with full legal names and addresses

2. Background: Context of the assignment, relationship between parties, and brief description of the IP being transferred

3. Definitions: Definitions of key terms used throughout the agreement, including specific IP-related terminology

4. Assignment: Core provision transferring ownership of the IP from Assignor to Assignee, including scope of rights transferred

5. Consideration: Details of payment or other consideration for the IP assignment

6. Representations and Warranties: Assignor's warranties regarding ownership, right to transfer, non-infringement, and validity of IP

7. Further Assurance: Obligation to execute additional documents and take necessary steps to perfect the assignment

8. Confidentiality: Obligations regarding confidential information disclosed during the assignment process

9. Taxes and Costs: Allocation of responsibility for taxes, registration fees, and other transfer-related costs

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

11. Execution: Signature blocks and execution requirements

Optional Sections

1. Third Party Rights: Required when the IP is subject to licenses or other third-party rights that will survive the assignment

2. Employee/Contractor Obligations: Needed when the IP was created by employees or contractors who may have residual rights

3. Moral Rights: Required for copyright assignments where moral rights need to be specifically addressed

4. Registration: Include when the IP requires registration or recordal of the assignment with government authorities

5. Earn-out Provisions: Include when payment includes future performance-based compensation

6. Technology Transfer: Required when technical knowledge or know-how transfer is part of the assignment

7. Non-Competition: Include when restricting Assignor's future activities in related fields

8. Survival: Include when certain provisions need to survive the assignment completion

Suggested Schedules

1. Schedule 1 - Intellectual Property: Detailed description of all IP being assigned, including registration numbers, dates, and jurisdictions

2. Schedule 2 - Existing Licenses: List of existing licenses, agreements, or encumbrances affecting the IP

3. Schedule 3 - Assignment Forms: Specific forms required for recording the assignment with various IP offices

4. Schedule 4 - Payment Terms: Detailed payment schedule and calculations if payment structure is complex

5. Schedule 5 - Technical Documentation: List of all technical documents, source code, or other materials to be transferred

6. Appendix A - Due Diligence Results: Summary of IP due diligence findings and any identified issues

7. Appendix B - Excluded Rights: Clear specification of any IP rights explicitly excluded from the assignment

Authors

Alex Denne

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

Relevant legal definitions































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Relevant Industries

Technology

Pharmaceutical

Biotechnology

Manufacturing

Software Development

Media and Entertainment

Research and Development

Education

Healthcare

Telecommunications

Creative Industries

Consumer Products

Professional Services

Industrial Design

Relevant Teams

Legal

Intellectual Property

Research and Development

Innovation

Business Development

Commercial

Corporate Strategy

Technology Transfer

Product Development

Compliance

Technical Documentation

Relevant Roles

Legal Counsel

Intellectual Property Manager

Chief Technology Officer

Research Director

Innovation Manager

Business Development Manager

Commercial Director

Patent Attorney

Technology Transfer Officer

General Counsel

Contracts Manager

Corporate Lawyer

IP Strategist

Research Scientist

Product Development Manager

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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