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Intellectual Property Assignment Agreement Guide: Protecting Your Business Assets

Learn how intellectual property assignment agreements work, why they're crucial for businesses of all sizes, and how to implement them effectively to protect your valuable innovations and creative works.

Introduction

An Intellectual Property Assignment Agreement is a legal document that transfers ownership of intellectual property (IP) rights from one party (often an employee, contractor, or business partner) to another (typically a company). This agreement ensures that the company owns all intellectual property created during the course of employment or a business relationship. Whether you're an established company expanding your supply chain, a startup founder with an innovative product, or a small business owner, understanding how IP assignment agreements work is essential for protecting your business assets and preventing costly disputes down the road. This guide will help you navigate the complexities of IP assignment agreements in plain language, so you can make informed decisions about safeguarding your company's innovations and creative works.

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Key Things to Know

  1. 1

    IP assignment agreements should be signed before work begins to avoid disputes over ownership of intellectual property created during the relationship.

  2. 2

    Different types of intellectual property (patents, copyrights, trademarks, trade secrets) may require specific language in the assignment agreement to ensure proper transfer.

  3. 3

    Some states have laws limiting what intellectual property employers can claim from employees, particularly for inventions created on personal time without company resources.

  4. 4

    For maximum protection, IP assignment agreements should include both present assignments ('I hereby assign') and future assignments ('I will assign') of intellectual property.

  5. 5

    International IP assignments may require compliance with different laws and regulations in each country where protection is sought.

  6. 6

    The work-for-hire doctrine automatically assigns copyright to employers in certain situations, but doesn't cover all creative works or other forms of IP like patents.

  7. 7

    Consideration (something of value) must be exchanged for an IP assignment to be legally binding—this can be money, employment, or other benefits.

  8. 8

    IP assignment agreements should address not just the intellectual property itself, but also related rights like the right to sue for past infringement.

Key decisions before you file

Before you file a Intellectual Property Assignment Agreement in Georgia, a few decisions shape the document: which option to choose and what each one means. The Intellectual Property Assignment Agreement guide walks through them.

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Georgia Requirements for Intellectual Property Assignment Agreement

  • Federal Copyright Law Compliance (17 U.S.C. § 101 et seq.)

    The agreement must comply with the U.S. Copyright Act, which protects original works of authorship fixed in a tangible medium of expression, including literary, musical, dramatic, and artistic works.

  • Federal Patent Law Compliance (35 U.S.C. § 261)

    The agreement must comply with federal patent laws governing the assignment of patent rights, including requirements for written assignments of patents and patent applications.

  • Federal Trademark Law Compliance (15 U.S.C. § 1060)

    The agreement must comply with the Lanham Act regarding the assignment of trademarks, which requires that trademarks be assigned with the associated goodwill of the business.

  • Trade Secret Protection (18 U.S.C. § 1836 et seq.)

    The agreement must comply with the Defend Trade Secrets Act, which provides federal remedies for misappropriation of trade secrets and requires notices regarding whistleblower immunity.

  • Georgia Trade Secrets Act (O.C.G.A. § 10-1-760 et seq.)

    The agreement must comply with Georgia's state-specific trade secret protections, which define trade secrets and provide remedies for misappropriation under state law.

  • Georgia Contract Law (O.C.G.A. § 13-3-1 et seq.)

    The agreement must satisfy Georgia's requirements for valid contracts, including offer, acceptance, consideration, legal purpose, and capacity of the parties.

  • Georgia Statute of Frauds (O.C.G.A. § 13-5-30)

    The agreement must be in writing to be enforceable if it cannot be performed within one year or involves transfers of certain property rights.

  • Work-for-Hire Doctrine Compliance (17 U.S.C. § 101 (definition of 'work made for hire'))

    The agreement must properly address the work-for-hire doctrine under federal copyright law, specifying when works created by employees or contractors are considered works made for hire.

  • Georgia Employment Relationship Laws (O.C.G.A. § 13-8-50 et seq.)

    The agreement must comply with Georgia's employment laws when used with employees, including consideration requirements for restrictive covenants.

  • Georgia Restrictive Covenant Act (O.C.G.A. § 13-8-50 et seq.)

    The agreement must comply with Georgia's laws governing restrictive covenants when IP assignments include non-compete or non-solicitation provisions.

  • Federal Electronic Signatures Law (15 U.S.C. § 7001 et seq.)

    The agreement must comply with the Electronic Signatures in Global and National Commerce Act (E-SIGN) if executed electronically.

  • Georgia Electronic Transactions Act (O.C.G.A. § 10-12-1 et seq.)

    The agreement must comply with Georgia's laws governing electronic signatures and records if executed electronically.

  • Bayh-Dole Act Compliance (35 U.S.C. § 200-212)

    The agreement must comply with federal laws governing intellectual property rights in inventions created with federal funding, if applicable.

  • Georgia Uniform Deceptive Trade Practices Act (O.C.G.A. § 10-1-370 et seq.)

    The agreement must not contain provisions that would constitute deceptive trade practices under Georgia law.

  • Federal Economic Espionage Act (18 U.S.C. § 1831 et seq.)

    The agreement should acknowledge federal protections against theft of trade secrets, including criminal penalties.

  • Georgia Fair Business Practices Act (O.C.G.A. § 10-1-390 et seq.)

    The agreement must comply with Georgia's consumer protection laws if the IP assignment involves consumer transactions.

  • Federal Visual Artists Rights Act (17 U.S.C. § 106A)

    The agreement must address moral rights of attribution and integrity for visual artworks under federal law.

  • Georgia Uniform Partnership Act (O.C.G.A. § 14-8-1 et seq.)

    The agreement must comply with partnership laws if the IP assignment involves partners or partnership property.

  • Federal Computer Fraud and Abuse Act (18 U.S.C. § 1030)

    The agreement should address unauthorized access to protected computers and data, particularly for software-related IP.

  • Georgia Computer Systems Protection Act (O.C.G.A. § 16-9-90 et seq.)

    The agreement should address Georgia's specific protections against computer theft, trespass, and invasion of privacy.

Frequently Asked Questions