Assignment of Intellectual Property Rights in Employment Contracts

Intellectual Property, namely patents, trademarks and copyrights are some of a company’s most valuable business assets, and accordingly, care should be taken to ensure that there is a clear chain of title with respect to ownership of these assets and that it is identified and determined at the onset of these creations. Unfortunately, there are many instances where ownership issues arises due to either poor planning on the part of the company, vague definitions as to what qualifies as a company asset and/or failure to have the necessary documents in place to automatically transfer an employee’s contribution directly to the company.

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