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As an Inventor, Should I Sign an Invention Assignment Agreement?

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An Invention Assignment Agreement, often known as an Intellectual Property (“IP”) Transfer Agreement, is an agreement where one party assigns its intellectual property rights to the other party, either absolutely or subject to compliance with the terms of the underlying agreement.

This means the inventor (eg. software developer) assigning his/her rights can no longer claim the property as their invention. The property now belongs to the person to whom the rights have been transferred.

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This blog was co-authored by Vi Vo & originally posted by Farrah Roahman

This article is provided for informational purposes only and does not create a lawyer-client relationship with the reader. It is not legal advice and should not be regarded as such. Any reliance on the information is solely at the reader’s own risk. Clausehound.com is a legal tool geared towards entrepreneurs, early-stage businesses and small businesses alike to help draft legal documents to make businesses more productive. Clausehound offers a $10 per month DIY Legal Library which hosts tens of thousands of legal clauses, contracts, articles, lawyer commentaries and instructional videos. Find Clausehound.com where you see this logo.

brian prokopowich

I am a technology co-founder and lover of all thing related to Start- ups and entrepreneurship. I created this group so we can all learn from each other to create foster a create tech & Start-up community.


One comment

  • Henry Morgan

    June 20, 2017 at 3:49 pm

    Just a personal opinion although I do work for a company who constantly help innovators bring their new products to market = I’d say don’t do it.

    Any company worth partnering with should offer you much better terms.
    Be extremely careful, seek advice and as always – if it begins to smell bad just walk away…

    Reply

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