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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 Missouri, 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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Missouri Requirements for Intellectual Property Assignment Agreement

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

    Compliance with the Copyright Act of 1976, which protects original works of authorship fixed in a tangible medium of expression, including literary, musical, dramatic, and artistic works.

  • Federal Patent Protection (35 U.S.C. § 1 et seq.)

    Compliance with federal patent laws that protect new and useful processes, machines, manufactures, or compositions of matter, or any new and useful improvement thereof.

  • Federal Trademark Protection (15 U.S.C. § 1051 et seq.)

    Compliance with the Lanham Act, which governs the registration and protection of trademarks and service marks used in commerce.

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

    Compliance with the Defend Trade Secrets Act, which provides federal remedies for misappropriation of trade secrets related to products or services used in interstate or foreign commerce.

  • Missouri Uniform Trade Secrets Act (Mo. Rev. Stat. § 417.450 et seq.)

    Compliance with Missouri's version of the Uniform Trade Secrets Act, which provides state-level protection for trade secrets and remedies for their misappropriation.

  • Missouri Computer Tampering Law (Mo. Rev. Stat. § 569.095 et seq.)

    Compliance with Missouri's computer crime laws that protect computer data, programs, and systems from unauthorized access or tampering, which may include proprietary software or other digital IP.

  • Missouri Right of Publicity (Missouri Common Law)

    Compliance with Missouri's common law right of publicity, which protects against the unauthorized commercial use of an individual's name, likeness, or other recognizable aspects of their identity.

  • Missouri Contract Law (Mo. Rev. Stat. § 431.010 et seq.)

    Compliance with Missouri's contract law principles, including requirements for offer, acceptance, consideration, capacity, and legality, which govern the formation and enforcement of the IP assignment agreement.

  • Missouri Statute of Frauds (Mo. Rev. Stat. § 432.010)

    Compliance with Missouri's Statute of Frauds, which requires certain contracts to be in writing to be enforceable, potentially including assignments of certain intellectual property rights.

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

    Compliance with the work-for-hire doctrine under federal copyright law, which determines ownership of works created by employees or independent contractors.

  • Missouri Employment Law (Mo. Rev. Stat. § 290.010 et seq.)

    Compliance with Missouri employment laws that may affect the enforceability of IP assignments in the employment context, including restrictions on overly broad assignments.

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

    Compliance with the Electronic Signatures in Global and National Commerce Act (E-SIGN), which validates the use of electronic signatures for IP assignment agreements in interstate commerce.

  • Missouri Uniform Electronic Transactions Act (Mo. Rev. Stat. § 432.200 et seq.)

    Compliance with Missouri's version of the Uniform Electronic Transactions Act, which validates electronic signatures and records for transactions conducted within the state.

  • Federal Antitrust Laws (15 U.S.C. § 1 et seq. (Sherman Act) and 15 U.S.C. § 12 et seq. (Clayton Act))

    Compliance with federal antitrust laws that prohibit anticompetitive practices, which may affect IP assignments that could create monopolies or restrain trade.

  • Missouri Antitrust Law (Mo. Rev. Stat. § 416.011 et seq.)

    Compliance with Missouri's antitrust laws that prohibit monopolization, restraint of trade, and other anticompetitive practices at the state level.

  • Federal Bankruptcy Code (11 U.S.C. § 101 et seq., particularly § 365(n))

    Compliance with provisions of the Bankruptcy Code that may affect the treatment of intellectual property licenses and assignments in bankruptcy proceedings.

  • Missouri Fraudulent Transfer Act (Mo. Rev. Stat. § 428.005 et seq.)

    Compliance with Missouri's Uniform Fraudulent Transfer Act, which may affect IP assignments made to hinder, delay, or defraud creditors.

  • Federal Tax Laws (26 U.S.C. § 1 et seq. (Internal Revenue Code))

    Compliance with federal tax laws regarding the treatment of intellectual property transfers, which may have significant tax implications for both parties.

  • Missouri Tax Laws (Mo. Rev. Stat. § 143.011 et seq.)

    Compliance with Missouri state tax laws that may apply to the transfer of intellectual property assets within the state.

  • Federal Choice of Law Principles (Federal Common Law)

    Compliance with federal principles governing choice of law provisions in contracts involving intellectual property rights that may cross state or national boundaries.

Frequently Asked Questions