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Co-Ownership Agreement for Intellectual Property
Transfer 50% ownership interest in intellectual property to a co-developer with this Co-Ownership Agreement template.
- This type of co-ownership arrangement is typically used by an inventor who needs to partner with a developer in order to develop certain technology and bring it to market.
- The developer becomes a co-owner in the intellectual property, in exchange for providing development services.
- The developer will be responsible for ongoing improvements to the technology, and for developing training documentation.
- Revenues generated by the technology will be the joint property of the co-owners.
- License fees will be assessed when the technology is used by third parties.
- The relationship between the parties is not to be construed as a partnership.
- The agreement contains provisions allowing one co-owner to buy out the other in order to terminate the relationship.
- The Co-Ownership Agreement for Intellectual Property is generic in nature and does not contain references to specific laws of any country or region.
- The template is downloadable and can be easily modified to fit your unique needs.
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Independent Contractor Agreement for Technology Development
Hire an independent contractor to develop technology products with this Independent Contractor Agreement template.
- Parties. The Agreement is between a tech developer and an investor who will fund the development project to create new tech products and bring them to the marketplace.
- Assignment of Rights. In exchange for the funding of the project, the developer will assign all of its rights in any commercially viable products to the investor.
- Royalties. The developer will be paid a royalty for each viable product.
- Reporting. The developer must provide the investor with regular status reports on all developments.
- Term of Engagement. This is a month-to-month contract, but can be modified to provide for a fixed term.
- Governing Law. This is a generic legal contract which does not contain references to the laws of any specific country or jurisdiction.
- How to Get the Form. The Independent Contractor Agreement for Technology Development is available as a MS Word template which can be downloaded immediately after purchase. The document can be modified and re-used as often as you require.
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