This article posted on our partner site Mondaq.com stresses the importance of determining ownership of Intellectual Property (IP) within a contract when dealing with independent contractors. Contractors, like employees, will retain ownership of a patentable invention or authored work except in the narrow circumstance that the creation of that IP was within the scope of their engagement with the business. Thus, it is paramount to ensure that a contractor who has contributed to the creation of IP in the course of their engagement with a business, insofar as the IP is relevant to the business’s interests, has expressly assigned their rights in that IP to the business and has waived any rights which cannot be assigned.

This comes to you as a part of Clausehound’s exciting new collaboration with Mondaq!

 

–  –  –

This article is provided for informational purposes only and does not create a lawyer-client relationship with the reader. It is not legal advice and should not be regarded as such. Any reliance on the information is solely at the reader’s own risk. Clausehound.com is a legal tool geared towards entrepreneurs, early-stage businesses and small businesses alike to help draft legal documents to make businesses more productive. Clausehound offers a $10 per month DIY Legal Library which hosts tens of thousands of legal clauses, contracts, articles, lawyer commentaries and instructional videos. Find Clausehound.com where you see this logo.

What you don't know can hurt you! Subscribe to stay informed.

Sign up now and receive an email when we publish new content.

We will never give away, trade or sell your email address. You can unsubscribe at any time.