A technical proposal’s “Intellectual Property and Project Ownership” section defines the ownership rights and licensing terms for any existing or newly created intellectual property (IP) related to the project. This section should specify if patents, copyrights, trademarks, or proprietary knowledge will be utilized and clarify the rights allowed. If the proposal involves creating a new IP, outline the ownership split between parties and licensing rights, such as exclusive vs. non-exclusive or commercial vs. non-commercial use. Also, specify any IP that will be openly licensed or entered into the public domain.
In accordance with this legal provision of (Name of Jurisdiction) on Intellectual Property and Project Ownership, it is established that (Outline Ownership Rights of Each Party For Existing Intellectual Property).
Notably, any newly generated intellectual property during the project, herein termed Project IP, shall be (Outline Ownership Rights of Each Party For New Intellectual Property).
The agreement grants each party (Outline Usage Terms and Conditions For Trademarks, Patents or Copyrights). Subsequent commercialization purposes shall be subject to (Outline Commercialization Procedures of The Intellectual Property).
Additionally, robust measures for the protection of Project IP confidentiality are mandated, including cooperative efforts in patent applications, confidentiality obligations, and provisions for dispute resolution through mediation and arbitration, with governing law and jurisdiction set forth to govern legal actions arising from this arrangement.
All project-related materials, data, documents, prototypes, and other tangible items ("Project Materials") shall be jointly owned by (State The Ownership Status). Each party shall have the right to retain copies of the project materials for its records.
The parties agree to use the project materials solely for the purpose of fulfilling the project objectives and any subsequent commercialization efforts. Unauthorized use or disclosure of project materials is strictly prohibited.