Intellectual Property Agreement Template - August 08, 2019

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Intellectual Property Agreement

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Intellectual Property Agreement

This Intellectual Property Assignment Agreement (the “Agreement”) is made and entered into as August 8th 2019, by and between Maseeh Ghani. (the “Employer”) and Carlos Pinto (the “Developer”) (collectively, the “Parties”).

The Parties hereby agree as follows:

1. The Developer agrees to assign to the Employer, or its designee, all right, title, and interest in and to any and all inventions, original works of authorship, developments, concepts, improvements, designs, drawings, discoveries, algorithms, formulas, computer code, ideas, trademarks, or trade secrets, whether or not patentable or registrable under patent, copyright or similar laws, related to the Smart BlogApp (Daily Spirit Juice), which the Developer may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or reduced to practice, with the use of Employer's equipment, supplies, facilities, assets, or Employer's Confidential Information, or which may arise out of any research or other activity conducted under the direction of the Employer (collectively referred to as “Intellectual Property”).

2. The Developer understands and agrees that (i) all original works for authorship which are made by the Company (solely or jointly with others) within the scope of the Employer's business which are protectable by copyright, (ii) the decision whether or not to commercialise or market any Intellectual Property is within the Employer's sole discretion and for the Employer's sole benefit and that no royalty or other consideration will be due to the Developer as a result of the Employer's efforts to commercialise or market any such Intellectual Property.

3. The validity, construction and enforceability of this Agreement shall be governed in all respects by the laws of Switzerland as neutral land legislation. This Agreement may not be amended except in writing signed by a duly authorized representative of the respective Parties. This Agreement shall control in the event of a conflict with any other agreement between the Parties with respect to the subject matter hereof. The failure of either party to enforce its rights under this Agreement at any time for any period shall not be construed as a waiver of such rights.

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.

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