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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 Louisiana, 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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Louisiana 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.

  • Louisiana Uniform Trade Secrets Act (Louisiana Revised Statutes § 51:1431-1439)

    The agreement must comply with Louisiana's trade secret law, which defines trade secrets and provides remedies for misappropriation specific to Louisiana.

  • Louisiana Contract Law (Louisiana Civil Code Articles 1756-2324)

    The agreement must comply with Louisiana's civil law of obligations, which governs contract formation, interpretation, and enforcement differently than common law states.

  • Louisiana Employee Invention Assignment Limitations (Louisiana Revised Statutes § 23:1361)

    The agreement must respect Louisiana's limitations on employee invention assignments, particularly regarding inventions developed entirely on an employee's own time without employer resources.

  • Work-for-Hire Doctrine Compliance (17 U.S.C. § 101 (definition of 'work made for hire') and § 201(b))

    The agreement must properly implement the work-for-hire doctrine under federal copyright law, specifying when works created by employees or contractors are owned by the employer/hiring party.

  • Louisiana Non-Competition Law (Louisiana Revised Statutes § 23:921)

    The agreement must comply with Louisiana's strict limitations on non-competition agreements, which may affect IP assignment provisions that restrict future work.

  • Federal Electronic Signatures Compliance (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.

  • Louisiana Uniform Electronic Transactions Act (Louisiana Revised Statutes § 9:2601-2621)

    The agreement must comply with Louisiana's electronic signature law if executed electronically.

  • Moral Rights Waiver (17 U.S.C. § 106A)

    The agreement should address the waiver of moral rights under the Visual Artists Rights Act for applicable works of visual art.

  • Louisiana Community Property Law (Louisiana Civil Code Articles 2334-2369)

    The agreement must account for Louisiana's community property laws, which may affect IP ownership rights of married individuals.

  • Federal Economic Espionage Act Compliance (18 U.S.C. § 1831-1839)

    The agreement should acknowledge federal criminal penalties for theft of trade secrets, particularly when transferring sensitive IP.

  • Louisiana Unfair Trade Practices Act (Louisiana Revised Statutes § 51:1401-1430)

    The agreement must comply with Louisiana's consumer protection law, which prohibits unfair methods of competition and unfair or deceptive trade practices.

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

    The agreement must comply with federal regulations regarding inventions made with federal funding, if applicable.

  • Louisiana Prescription Periods (Louisiana Civil Code Articles 3492-3502)

    The agreement must account for Louisiana's prescription (statute of limitations) periods for contract claims and intellectual property infringement actions.

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

    The agreement should address unauthorized access to protected computers and data, particularly relevant for software and digital IP assignments.

  • Louisiana Software License Enforcement (Louisiana Revised Statutes § 51:1961-1966)

    The agreement must comply with Louisiana's Software License Enforcement Act if software licenses are being assigned.

  • Federal Bankruptcy Code Implications (11 U.S.C. § 365(n))

    The agreement should address the treatment of IP licenses and assignments in bankruptcy proceedings.

Frequently Asked Questions