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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 Wisconsin, 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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Wisconsin 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.

  • Wisconsin Uniform Trade Secrets Act (Wis. Stat. § 134.90)

    The agreement must comply with Wisconsin's version of the Uniform Trade Secrets Act, which provides state-level protection for trade secrets and remedies for misappropriation.

  • Wisconsin Contract Law (Wis. Stat. § 401.101 et seq.)

    The agreement must satisfy Wisconsin's general contract law requirements, including offer, acceptance, consideration, legal purpose, and capacity to contract.

  • Wisconsin Employment Relationship Laws (Wis. Stat. § 103.001 et seq.)

    The agreement must comply with Wisconsin laws governing employment relationships, including limitations on restrictive covenants and employee rights.

  • Wisconsin Written Transaction Requirements (Wis. Stat. § 241.02)

    The agreement must comply with Wisconsin's statute of frauds requiring certain contracts to be in writing, particularly those that cannot be performed within one year.

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

    The agreement must properly address the work-for-hire doctrine under federal copyright law, which determines initial ownership of copyrightable works created by employees or independent contractors.

  • Wisconsin Restrictive Covenant Laws (Wis. Stat. § 103.465)

    The agreement must comply with Wisconsin case law regarding restrictive covenants, which requires that any restrictions on future employment or business activities be reasonable in scope, duration, and geographic area.

  • 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), which validates electronic signatures for IP assignments.

  • Wisconsin Electronic Transactions Act (Wis. Stat. § 137.11 et seq.)

    The agreement must comply with Wisconsin's Electronic Transactions Act, which governs the use of electronic records and signatures in contractual relationships.

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

    If the IP was developed with federal funding, the agreement must comply with the Bayh-Dole Act, which governs rights to inventions made with federal assistance.

  • Wisconsin University Research Laws (Wis. Stat. § 36.11(15))

    If the IP involves university research in Wisconsin, the agreement must comply with state laws governing intellectual property rights in academic settings.

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

    The agreement should acknowledge federal protections against economic espionage and theft of trade secrets, particularly in international contexts.

  • Wisconsin Unfair Competition Laws (Wis. Stat. § 100.18 et seq.)

    The agreement must comply with Wisconsin laws prohibiting unfair competition and deceptive trade practices, which can affect IP rights and their enforcement.

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

    The agreement must not violate federal antitrust laws by unreasonably restraining trade or creating monopolies through overly broad IP assignments.

  • Wisconsin Antitrust Laws (Wis. Stat. § 133.01 et seq.)

    The agreement must comply with Wisconsin's antitrust laws, which prohibit contracts or combinations in restraint of trade within the state.

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

    For visual artworks, the agreement must address the moral rights of attribution and integrity granted to artists under the Visual Artists Rights Act.

  • Wisconsin Recording Requirements (Wis. Stat. § 706.001 et seq.)

    The agreement must comply with Wisconsin's requirements for recording assignments of intellectual property with appropriate state offices to perfect the transfer against third parties.

Frequently Asked Questions