3.9 KiB
3.9 KiB
Intellectual Property Assignment Agreement
This Intellectual Property Assignment Agreement ("Agreement") is made and entered into as of ___ [Date] ___, by and between Midas Technologies LLC (the “Company”), and ___ [Creator Name] ___ (the “Assignor”).
1. Definitions
- Intellectual Property (IP): For the purposes of this Agreement, “Intellectual Property” includes, but is not limited to, all software, source code, algorithms, models, data sets, inventions, processes, methodologies, improvements, trade secrets, proprietary information, designs, works of authorship, documentation, and any other creations developed or created by the Assignor for the Company.
- Work Product: Any work, product, or IP created by the Assignor related to the Company’s business, including algorithmic trading software, proprietary data models, and technical or economic indicators.
2. Assignment of Rights
- Full Assignment: Assignor hereby irrevocably assigns to the Company all rights, title, and interest in and to any IP and Work Product developed or created by the Assignor for the Company, whether created solely by the Assignor or with others, effective upon creation. This assignment includes worldwide rights to all patents, copyrights, trademarks, trade secrets, and other IP rights.
- Moral Rights Waiver: Assignor waives all moral rights in the IP and Work Product, including the right to attribution and the right to prevent modification, to the extent allowed by law.
3. Representations and Warranties
- Original Work: Assignor represents that all IP and Work Product is original and does not infringe upon any third-party IP rights.
- Non-infringement: Assignor warrants that the IP is free from any claims, encumbrances, or liens and that Assignor has the full authority to assign these rights.
- Third-Party Contributions: If any third-party IP is incorporated, Assignor shall obtain written approval from the Company and provide all necessary licenses or releases to the Company.
4. Confidentiality
- Assignor agrees to maintain strict confidentiality regarding all IP and proprietary information related to the Company’s business, including but not limited to trade secrets, algorithms, and data models, and shall not disclose or use such information except as authorized by the Company.
5. Further Assurances
- Assignor agrees to execute any documents and take any actions reasonably requested by the Company to further document or perfect the assignment of rights, including filing for patents or other IP protections.
6. No Royalties or Additional Compensation
- The assignment of IP rights under this Agreement is made without expectation of additional compensation beyond any payment or remuneration agreed upon between the Company and the Assignor under separate agreements. Assignor agrees that the Company will own the IP outright, with no obligation to pay royalties or any other compensation.
7. Term and Termination
- Term: This Agreement remains in effect for as long as Assignor is employed by or contracted with the Company.
- Survival: The confidentiality and IP ownership provisions of this Agreement shall survive termination of Assignor’s relationship with the Company.
8. Governing Law
- This Agreement shall be governed by and construed in accordance with the laws of the State of [Your State].
9. Entire Agreement
- This Agreement constitutes the entire understanding between the parties regarding the subject matter and supersedes all prior agreements, discussions, or representations.
Signatures:
Assignor:
___ [Assignor Name] ___
Signature: ___________________________
Date: ___
Midas Technologies LLC:
By: ___ [Authorized Representative Name] ___
Title: ___________________________
Signature: ___________________________
Date: ___