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Co-Ownership Agreement for Intellectual Property
Prepare a Co-Ownership Agreement for Intellectual Property between an inventor and a developer with this ready-to-use template.
- The developer will be responsible for ongoing improvements to the technology, and for developing training documentation.
- The inventor transfers a half interest in the property to the developer, in exchange for the developer's services.
- 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. Provided in Microsoft Word format, downloadable and fully editable.
Download: Co-Ownership Agreement for Intellectual Property
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