It is advisable that the intellectual property commercialization process be supported by an attorney who prepares additional tailored legal protections between the owner of the intellectual property and its suppliers and potential customers.
For example, we prepare contracts between the inventors and entrepreneurs themselves, founders’ agreements, setting out the rights and obligations of each partner in the venture. It is worth anchoring the rights between the entrepreneurs and inventors at the very beginning of the road, because sometimes when the venture gains momentum, or when it does not, disagreements arise if there is no agreement regulating the relationship between the first inventors and entrepreneurs.
When inventors wish to make a deal for the sale of a patent or other intellectual property, our firm prepares a dedicated agreement according to the terms of the deal. For example, ownership of the intellectual property can be transferred permanently, a royalty deal can be made, a franchise can be granted in the intellectual property, and there are other different types of deals, as well as combinations of the various types of deals.
Our firm prepares agreements between the owners of intellectual property who sell their intellectual property and the purchasers of the intellectual property, whether in full, in part, temporarily, or for the purchase of other rights in the intellectual property.
We also prepare ownership transfer agreements for the transfer of intellectual property rights, which are submitted to the various authorities in Israel and around the world, and handle the procedure, fee payment and the transfer of ownership of the registered rights, for example in a patent, design or trademark.
In other words, we prepare the commercial agreement between the parties, as well as the agreement and documents, and handle the procedure of transferring the rights at the patent, design and trademark authorities in Israel and around the world.
Commercial Support for Protecting Intellectual Property vis-à-vis Suppliers
Sometimes the inventor, the entrepreneur or the company uses subcontractors in order to advance the technical and marketing side of the commercial property. Our firm prepares work agreements with suppliers and subcontractors; it is sometimes important to regulate the legal relationship in a contract.
For example, an inventor and entrepreneur who has an application approaches a company to develop the application for him. Who owns the intellectual property? When can he approach that subcontractor? Sometimes contractors claim that a certain part of the intellectual property is theirs, for example a certain invention or design.
Without an agreement that regulates the intellectual property rights and the transfer of rights between the parties, this sometimes opens the door to expensive legal disputes that last for years in the courts, and which can be settled in advance in an agreement between the various parties.
Commercial Support in Negotiations and the Preparation of Legal Documents
In addition to filing intellectual property registration applications, our firm handles, at a later stage, the commercial legal support of inventors and entrepreneurs, whether support in meetings and the preparation of documents in the process of selling or purchasing the intellectual property, as well as the preparation of commercial documents and contracts.
Contracts and documents in intellectual property that we prepare include, for example, non disclosure and non competition agreements, ownership transfer agreements, royalty and franchise agreements, agreements for the distribution, sale and supply of products and services, terms of use or a usage agreement for a website or application, and more.
The above information is partial and incomplete. An attorney should be consulted on each case individually. For more information and details, call: +972-3-9711013.