Intellectual Property - Transfer

Posted by Steven Ayr

The Parties agree that all intellectual property and all intellectual property rights therein, whether in copyright, trademark, patent, trade secret, or otherwise (collectively, “Intellectual Property Rights”), created under this Agreement will be deemed a work-made-for-hire to the fullest extent possible and that, to the extent any individual work does not qualify as a work-made-for-hire, the Party 1 agrees to assign any and all Intellectual Property Rights to the Party 2. For the purposes of this Agreement, Intellectual Property means any and all intellectual property and tangible embodiments thereof, including without limitation inventions, discoveries, designs, specifications, developments, methods, modifications, improvements, processes, know-how, techniques, algorithms, databases, computer software and code, mask works, formulae, techniques, graphics or images, text, audio or visual works, materials that document design or design processes, or that document research or testing, schematics, diagrams, product specifications and other works of authorship.


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