Intellectual property rights security agreement

This is an agreement for high level security of intellectual property rights for any business, particularly in a data sensitive industry. It goes one step further than strict terms in a supply contract or a contract of employment, by providing that the contractor or employee transfers all rights he has or might in future have, to the employer.

Price R499.00
  • Solicitor approved
  • Plain English makes editing easy
  • Guidance notes included
  • Money back guarantee
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About this intellectual property security agreement

This is a high level intellectual property security agreement for use in any business, but particularly where data is sensitive. The IP could be anything at all: legal document templates; chemical formulae; photographs; software; or any other.

The agreement is drawn for signature by an employee or any other person connected with your business or any particular project. It is worded so as to include both past and future work. Insofar as any contractor is concerned, ownership of new intellectual property is a matter for the contract terms. But the contract terms bind the contractor, not his staff. For best protection, you should make sure this agreement is signed by every person who could steal or misuse your intellectual property. That way, you are not left with a claim against a company that no longer exists.

The law relating to ownership of intellectual property in newly created rights varies from country to country, so it is particularly important to use this agreement as part of any arrangement for supply from outside the Republic of South Africa.

Within the Republic of South Africa, work done as an employee would usually be regarded as the property of the employer. Conversely, created work made by an employee in the USA usually belongs to the employee.

This agreement covers all variations and situations by absolute clarity of the proposition that the employer or client owns all the IP rights he has paid for. This is enforced by a long-stop provision for the legal transfer of whatever rights could slip through the net.

The agreement moves seamlessly through confidentiality, particular projects, “work for hire” and past and future intellectual property.

Key features

  • Professionally drawn, tough law
  • Easy to edit (as always with Net Lawman documents)
  • Thorough coverage of legal areas
  • Practical, alternative business provisions
  • No requirement for you to be your own lawyer

Alternatives to this IP security agreement

Net Lawman offers around 20 licence agreements and assignments relating to intellectual property in addition to those in website terms and conditions.

You can find the full selection at:

Contents of this IP security agreement

Here is a list of the major subjects covered in this agreement:

  • Definitions and interpretation
  • Confidentiality - in depth
  • “Work made for hire”
  • Inventions already made
  • New intellectual property
  • Other matters relating to enforcement and other legal issues
Draftsman

This document was written by a solicitor for Net Lawman. It complies with current South Africa law.

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