ASSIGNMENT OF INTELLECTUAL PROPERTY AGREEMENT.

ASSIGNMENT OF INTELLECTUAL PROPERTY AGREEMENT.

This Assignment of Intellectual Property Agreement is made and entered on this ___ Day of ___ 2021 between;

Ghana Connect, Contact Info ____________________ (Company/Assignee)

______________, Contact Info _____________________ (Developer/Assignor).

NOW THEREOF, in consideration of the mutual covenants and promises made by the Parties hereto, the Parties covenant and agree as follows:

  1. INTELLECTUAL PROPERTY RIGHTS.

For the purpose of this Agreement and the relationship between the Parties, intellectual properties rights shall include but not limited to any data, patent, concept, materials, invention, copyrights, domain names and database rights used by the Developer in the development of the Company’s App and e-commerce platform.

  • ASSIGNMENT.
    • In consideration of the sum of ________________ Ghana Cedis paid by the Company to the Developer, the Developer hereby assigns to the Company absolutely with the full title, property rights and interest in and to (i) the intellectual property rights in the Ghana Connect App/platform and (ii) exclusive rights to use, reuse, sale, alter, defend, protect and retain full functionability of the App/platform.
    • The Developer agrees to assign, and hereby irrevocably does assign, transfer and convey to the Client all right, title and interest to all such inventions and developments. The Developer hereby appoints the Company as the Developer’s agent and attorney in fact, to act for and on the Developer’s behalf for the purpose of effecting the foregoing assignment from the Developer to the Company, for executing and filing the requisite applications and to do all other lawfully permitted acts to further the prosecution and issuance of patents, copyrights, trademarks and other registrations with the same legal force and effect as if executed by the Developer.  The Developer agrees to execute any and all papers and documents, and take such other actions as are reasonably requested by the Company, to evidence, perfect, defend the foregoing assignment and fully implement the Company’s proprietary rights in the assigned web developments and associated intellectual property.
  • WARRANTY.

The Developer represents and warrants that:

  1. the Developer is the owner of the entire right, title and interest in and to any invention and works pertaining the development of the Ghana Connect App/platform covered therein;
  2. the Developer has the sole right and authority to enter into the Agreement and grant the rights hereunder;
  3. the Developer has not previously granted any rights or licenses in or to the works covered herein;
  4. unless approved by the Company in writing, the Developer shall not incorporate any intellectual property belonging to the Developer or third parties into any works covered herein;
  5. the Developer is in compliance with all local and international laws, regulations and ordinances applicable to the Developer and shall perform the services covered herein without violation of the foregoing; and
  6. the Developer is qualified to perform the services covered herein.
  7. WAIVER.

The waiver by either party of any breach or failure to enforce any of the terms and conditions of this Agreement at any time shall not in any way affect, limit, or waive such party’s right thereafter to enforce and compel strict compliance with every term and condition of this Agreement.

  • MODIFICATION.

This Agreement contains the entire Agreement between the Parties relating to the subject matter hereof and supersedes any and all prior agreements or understandings, written or oral, between the parties related to the subject matter hereof.  No modification of this Agreement shall be valid unless made in writing and signed by both parties hereto.

  • GOVERNING LAW/JURISDICTION.

This Agreement shall be governed by and construed in accordance with the laws of the republic of Ghana. Exclusive jurisdiction and venue shall be in the republic of Ghana.

  • REPRESENTATION AND WARRANTIES.

Each party represents and warrants to the other that such party has acted in good faith, and agrees to continue to so act, in the negotiation, execution, delivery, performance, and any termination of this Agreement.

IN WITNESS WHEREOF, this Agreement has been executed by the parties as of the Effective Date.

COMPANY                                                                           DEVELOPER

______________________                                        ________________________

Signature                                                                            Signature                            _____________________                                         _________________________

Contact Information                                                          Contact information

_____________________                                           _________________________

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