Co-Ownership Agreement for Intellectual Property

Inventors, transfer a half-interest in ownership of technology to a developer with this Co-Ownership Agreement for Intellectual Property.

• This type of arrangement is typically used by inventors who need to partner with a developer who will help develop the technology and bring it to market.
• The developer will become 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.
• Procedure to allow one co-owner to buy out the other in order to terminate the relationship.

This Co-Ownership Agreement for Intellectual Property is generic in nature and is not specific to any country or region. The template is downloadable and fully editable.