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Agreement To Protect Intellectual Property

Agreement To Protect Intellectual Property Template for New Zealand

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Key Requirements PROMPT example:

Agreement To Protect Intellectual Property

"I need an Agreement To Protect Intellectual Property for my software development company based in Auckland, covering our proprietary AI algorithms and source code that we'll be sharing with an overseas manufacturing partner in March 2025."

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Document background
The Agreement To Protect Intellectual Property is essential when entities need to share valuable intellectual property while maintaining control over its use and distribution. This document is commonly used in business relationships where proprietary information, trade secrets, or other intellectual property needs to be disclosed to another party, such as in contractor relationships, joint ventures, or potential business transactions. The agreement, governed by New Zealand law, provides comprehensive protection by defining the scope of protected IP, establishing clear confidentiality obligations, specifying permitted uses, and outlining security requirements. It includes provisions aligned with New Zealand's IP protection framework, including relevant statutes and common law principles, making it suitable for both domestic and international business relationships involving New Zealand entities.
Suggested Sections

1. Parties: Identifies and defines all parties to the agreement, including their legal status and contact details

2. Background: Provides context for the agreement, including the nature of the business relationship and the purpose of protecting IP

3. Definitions: Defines key terms used throughout the agreement, particularly technical and legal terminology related to IP

4. Scope of Protected Information: Clearly defines what constitutes protected IP, including all forms of intellectual property covered by the agreement

5. Ownership of Intellectual Property: Establishes and confirms the ownership rights of existing and future IP

6. Confidentiality Obligations: Details the obligations to maintain confidentiality of protected information

7. Permitted Use: Specifies how the protected IP may be used, including any limitations and restrictions

8. Security Measures: Outlines required measures to protect and secure the IP

9. Term and Termination: Specifies the duration of the agreement and circumstances for termination

10. Return of Materials: Procedures for returning or destroying protected information upon termination

11. Breach and Remedies: Consequences of breaching the agreement and available remedies

12. General Provisions: Standard legal provisions including governing law, jurisdiction, and entire agreement

Optional Sections

1. License Grant: Used when specific license rights are being granted to use the protected IP

2. Development Rights: Included when parties are involved in developing new IP or modifications to existing IP

3. Third Party Disclosure: Added when disclosure to specific third parties (such as contractors or advisors) may be necessary

4. Export Control: Required when IP may be subject to international transfer or export regulations

5. Non-Competition: Included when restrictions on competitive activities are necessary

6. Audit Rights: Added when one party requires the right to audit the other's compliance

7. Insurance Requirements: Used when specific insurance coverage is required for IP protection

8. Survivorship: Specifies which obligations continue after agreement termination

Suggested Schedules

1. Schedule 1 - Protected Intellectual Property: Detailed list and description of all IP covered by the agreement

2. Schedule 2 - Authorized Personnel: List of individuals authorized to access and use the protected IP

3. Schedule 3 - Security Protocols: Detailed security measures and procedures for protecting IP

4. Schedule 4 - Permitted Uses: Specific details of allowed uses and any associated conditions

5. Appendix A - Technical Specifications: Technical details of protected IP, particularly for patents or technical trade secrets

6. Appendix B - Reporting Requirements: Forms and procedures for required reporting on IP usage

7. Appendix C - Destruction Procedures: Procedures for secure destruction or return of protected information

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
Relevant legal definitions








































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Relevant Industries

Technology

Software Development

Pharmaceutical

Biotechnology

Manufacturing

Research and Development

Creative Industries

Media and Entertainment

Professional Services

Education

Healthcare

Financial Services

Telecommunications

Engineering

Consumer Products

Relevant Teams

Legal

Research and Development

Information Technology

Product Development

Innovation

Executive Leadership

Human Resources

Compliance

Intellectual Property

Business Development

Project Management

Information Security

Relevant Roles

Chief Executive Officer

Chief Technology Officer

Intellectual Property Lawyer

Legal Counsel

Research Director

Product Manager

Software Developer

Innovation Manager

Business Development Manager

Contract Manager

Project Manager

Chief Information Officer

Research Scientist

Creative Director

Technology Consultant

HR Director

Compliance 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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