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Joint IP Agreement

Joint IP Agreement Template for New Zealand

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Key Requirements PROMPT example:

Joint IP Agreement

"I need a Joint IP Agreement between my software development company and a research university in Auckland, covering jointly developed AI algorithms and associated patents, with provisions for academic publication rights and commercialization starting March 2025."

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Document background
The Joint IP Agreement is essential for organizations collaborating on intellectual property development in New Zealand. This document is typically used when two or more parties wish to formalize their arrangement for jointly owning, managing, and commercializing intellectual property assets. It's particularly relevant for research partnerships, technology development collaborations, and joint ventures where new IP is created or existing IP is shared. The agreement must comply with New Zealand's intellectual property framework, including the Patents Act 2013, Copyright Act 1994, and relevant competition laws. It includes comprehensive provisions for IP ownership allocation, management responsibilities, commercialization rights, revenue sharing, and dispute resolution mechanisms, all tailored to meet New Zealand legal requirements.
Suggested Sections

1. Parties: Identification and details of all parties entering into the agreement

2. Background: Context of the agreement, existing IP ownership, and purpose of collaboration

3. Definitions: Detailed definitions of terms used throughout the agreement

4. Scope of Agreement: Defines the specific IP assets and technology covered by the agreement

5. Ownership of IP: Details of joint ownership arrangements, percentages, and rights of each party

6. Management of IP: Procedures for making decisions about the joint IP, including protection and enforcement

7. Commercialization Rights: Terms for commercial exploitation of the joint IP, including licensing to third parties

8. Revenue Sharing: Distribution of income generated from the joint IP

9. Protection and Enforcement: Obligations regarding IP protection, including patent filings and infringement actions

10. Confidentiality: Provisions for protecting confidential information shared between parties

11. Term and Termination: Duration of the agreement and circumstances for termination

12. Post-Termination Rights: Rights and obligations of parties after agreement termination

13. Dispute Resolution: Procedures for resolving disagreements between parties

14. General Provisions: Standard legal provisions including governing law, assignment, and notices

Optional Sections

1. Background IP: Defines pre-existing IP brought to the collaboration by each party - include when parties are contributing existing IP

2. Improvements: Provisions for handling improvements to the joint IP - include when ongoing development is expected

3. Academic Publications: Rights and procedures for academic publication - include when research institutions are involved

4. Territory Restrictions: Geographical limitations on IP rights - include when territorial divisions are needed

5. Competition Law Compliance: Specific provisions ensuring compliance with competition laws - include for significant market players

6. Third Party IP: Handling of third-party IP rights - include when third-party IP is likely to be used

7. Technology Transfer: Provisions for transferring technical knowledge - include for complex technical IP

8. Quality Control: Standards for IP use and implementation - include for brand-sensitive IP

9. Insurance: Requirements for IP insurance coverage - include for high-value IP assets

Suggested Schedules

1. Schedule 1 - IP Assets Register: Detailed list and description of all IP assets covered by the agreement

2. Schedule 2 - Background IP: Detailed description of pre-existing IP contributed by each party

3. Schedule 3 - Revenue Sharing Formula: Detailed calculations and scenarios for revenue distribution

4. Schedule 4 - Management Procedures: Specific procedures for joint IP management and decision-making

5. Schedule 5 - Approved Third-Party Licensees: List of pre-approved licensees or collaborators

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

7. Appendix B - Commercialization Plan: Initial plans and timelines for commercializing the joint IP

8. Appendix C - Contact Details: Key contacts and notice details for each party

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

Biotechnology

Pharmaceuticals

Software Development

Manufacturing

Research and Development

Education

Healthcare

Engineering

Automotive

Aerospace

Clean Technology

Agricultural Technology

Digital Media

Telecommunications

Relevant Teams

Legal

Research and Development

Intellectual Property

Innovation

Business Development

Technology Transfer

Corporate Strategy

Scientific Affairs

Partnerships

Executive Leadership

Commercial Operations

Product Development

Relevant Roles

Chief Technology Officer

Research Director

IP Manager

Legal Counsel

Innovation Manager

Research Scientist

Patent Attorney

Business Development Manager

Technology Transfer Officer

Chief Executive Officer

Research and Development Manager

Commercialization Manager

Head of Innovation

General Counsel

Chief Scientific Officer

Director of Partnerships

Intellectual Property Coordinator

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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