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The Joint Copyright Ownership Agreement is essential when two or more parties collaborate to create or acquire copyrighted works and wish to formalize their ownership arrangement. This document, structured under Singapore law, establishes clear parameters for joint ownership, including ownership percentages, revenue distribution, decision-making processes, and exploitation rights. It's particularly relevant in creative collaborations, research partnerships, or business ventures where intellectual property is jointly developed or acquired. The agreement helps prevent future disputes by clearly defining each party's rights and obligations under Singapore's Copyright Act 2021.
