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Managing Intellectual Property in Contracts Print

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Terms that determine ownership.

WHAT TO ADDRESS IN CUSTOMER CONTRACTS

Who owns work produced What licence the customer receives What you retain What happens to materials on termination

WHAT TO RETAIN AS A SUPPLIER

Rights to general knowledge, methods and reusable components.

WHY

Otherwise you cannot use your own techniques again.

WHAT TO GRANT

A licence sufficient for the customer's purpose.

WHAT TO ADDRESS IN SUPPLIER CONTRACTS

That work produced for you is assigned to you That it does not infringe third-party rights What third-party components are included

WHAT AN INDEMNITY DOES

Shifts liability for a claim to the other party.

WHAT TO SEEK

An indemnity against third-party claims, from suppliers.

WHAT TO RESIST

Unlimited indemnities you give.

WHAT TO ADDRESS IN EMPLOYMENT CONTRACTS

Ownership of work created in the course of employment Confidentiality What happens to personal projects

WHY PERSONAL PROJECTS MATTER

Broad clauses capture work unrelated to the job.

WHAT TO NEGOTIATE AS AN EMPLOYEE

A carve-out.

WHAT TO ADDRESS IN PARTNERSHIP AND SHAREHOLDER ARRANGEMENTS

Who owns what was contributed What happens if someone leaves

WHY

Founders contributing work without assignment create serious problems later.

WHAT TO KEEP

Every agreement, findable.

WHAT TO AUDIT PERIODICALLY

Whether the company owns what it uses.


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