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.
Download Type:
Microsoft Word
Last Updated: 03-April-2021