A document to ensure that work created has its IP protected until a further agreement is made.
The undersigned (each a “Collaborator” and together “Game Studios”) are collaborating underneath the parent company MyParentCompany Pty. Ltd. to develop a Game Concept and Related Artwork described as:
[description of game concept and related artwork]
for The Client, clientName.
The Quoted Price is the price subsequently agreed upon between all parties under a separate agreement.
All copyright and intellectual property produced by the Game Studios is retained by the companyMyParentCompany Pty. Ltd., until a subsequent agreement is reached. The intention is to allow a protected space for Game Studios to develop ideas and assets for display to potential investors by clientName.
In the event that both parties agree to use and develop the Game Concept and Related Artwork:
- clientName agrees to pursue development with MyParentCompany Pty. Ltd. and Game Studios at the Quoted Price.
- A subsequent agreement will transfer the copyright and intellectual property from MyParentCompany Pty. Ltd. to clientName or as agreed upon between the parties.
No Collaborator, nor MyParentCompany Pty. Ltd., is a party to any agreement that restricts a Collaborator’s ability to perform their obligations as set out above and no third party can claim any rights to the Game Concept and Related Artwork.
This Agreement is governed by Australian law.
Collaborator's names that form Game Studios:
MyParentCompany Pty. Ltd. Director