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Assignment Of Inventions Agreement
"I need an Assignment of Inventions Agreement for my Singapore-based technology company to secure rights to a new AI algorithm developed by our research team, which needs to include provisions for future improvements and international patent rights."
1. Parties: Identification of the assignor and assignee
2. Background: Context of the assignment and relationship between parties
3. Definitions: Key terms used throughout the agreement including 'Invention', 'Intellectual Property Rights', and 'Assignment Date'
4. Assignment: Core provisions transferring ownership of inventions including present and future rights
5. Warranties and Representations: Assurances regarding ownership, right to assign, and non-infringement of third party rights
6. Consideration: Payment or other consideration for the assignment of rights
7. Further Assurance: Obligation to execute additional documents and assist with patent applications if needed
8. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Future Inventions: Provisions for assignment of future inventions, particularly relevant in ongoing employment relationships
2. Confidentiality: Provisions protecting confidential information and trade secrets related to the inventions
3. Non-Competition: Restrictions on competitive activities to protect commercial value of the assigned inventions
4. International Rights: Provisions for international patent rights and cross-border protection
1. Schedule 1 - List of Inventions: Detailed description of all inventions being assigned including technical specifications
2. Schedule 2 - Existing Patents: List of existing patents or patent applications related to the inventions
3. Schedule 3 - Payment Terms: Details of consideration, payment schedule and any royalty arrangements
4. Schedule 4 - Technical Documentation: Technical specifications, drawings, and documentation of inventions being assigned
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