Get a solid Intellectual Property Assignment Agreement.
Transfer your intellectual property with the guidance of an intellectual property lawyer.
$480 (+ tax)
Not sure what you need? Book a free call with our Legal Concierge.
Define and transfer IP ownership.
Intellectual Property (IP) Assignment Agreements establish the ownership of IP. These agreements are used to transfer creations from an individual creator to a company. Once something is created by an individual, the company automatically owns it.
Why book an Intellectual Property Assignment Agreement?
To enable outside investment.
If your company relies on a technology, product, or brand, then a significant portion of the company’s value is based on the intellectual property it owns. Investors will simply not risk their money if your intellectual property belongs to your employees and contractors rather than the company itself.
Own what you’ve paid for.
Your employees and consultants are inevitably creating new intellectual property as they work and you need to ensure that it belongs to your company. An IP Assignment Agreement will prevent them from taking that IP and using it elsewhere once their job is done.
What's covered in an IP Assignment?
First you'll have a kick-off call with your Good Lawyer to discuss the current status of your IP. After the call, your lawyer will collect the documents they need to complete the Agreement. They will share a copy of the final document.
Book an IP Assignment
1. Project kick-off call to gather information, advise you and answer questions.
2. One customized Intellectual Property Assignment Agreement.
3. One round of minor revisions if necessary.
How do IP Assignments work?
1. Book a kick-off call
Pick a time to discuss your IP Assignment Agreement with a Good Lawyer.
2. Design your Agreement.
Help your lawyer understand your situation and how you want to transfer the intellectual property. Your lawyer will advise you on exactly what your agreement needs to include and help you understand why.
3. Receive your Agreement
You will receive a digital copy of the IP Assignment Agreement ready to print, sign and use.
Book an Intellectual Property Assignment Agreement
Get your paperwork done the easy way so you can get back to running your business.
Frequently asked questions
When should I use an IP Assignment Agreement?
You can use them at any time throughout the life of the intellectual property, but it’s much easier and cheaper to consult with an IP lawyer at the creation of your business before you ever hire employees or contractors. However, whether a piece of IP is still in ideation, the middle of development, or fully functional, it’s ownership can be transferred with a proper agreement.
Usually, good Employment Agreements, Independent Contractor Agreements, Co-founder Agreements, and Service Agreements will include an IP Assignment section, but it’s never too late to get an IP Assignment Agreement if your other contracts don’t address it already. Ultimately, if you’re thinking about raising capital, any quality investor will do their due diligence to ensure that your company owns it’s most valuable assets: the IP.
What kinds of IP can I use this agreement for?
From simple copyrights which exist as soon as something is created, to complicated patents that can take up to 2 years for federal approval, an IP assignment agreement has you covered. Depending on the nature and complexity of the IP being transferred and the ownership structure, your Assignment Agreement might require extra work. Your lawyer will always clarify any additional costs for your approval before proceeding.
Why not use a free template I found on the internet?
Canadian law protects the intellectual property of creators extensively. A templated agreement might not stand up in court if the ownership of the IP is ever contested (this is especially true for Patented IP). If you’re already using a templated agreement and you aren’t sure if it is adequate, consider booking a Contract Review to have it examined by a good lawyer.
What if I need more than one IP Assignment Agreement?
This service will only cover the creation of one Intellectual Property Assignment Agreement. If additional Intellectual Property Assignment Agreements or changes to your other IP related agreements are needed, you can talk to your Good Lawyer. Sometimes it is more efficient to produce multiple agreements and a discount is possible, but that is situational and Goodlawyer can’t guarantee any kind of bulk discount.
What file format will the IP Assignment be in?
Intellectual Property Assignment Agreements are generally delivered as a PDF so that they can be easily shared, printed, and signed. They can also be delivered as a Word document. If that’s something you’re interested in, make sure you mention it to your lawyer.
Do I need a lawyer in my province?
No. Intellectual property law is established federally and applies the same all over the country. Most (but not all) of Canada’s top intellectual property lawyers are in Toronto and they can help you wherever you are.
Not sure what you need? Book a free call with our Legal Concierge.
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