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Assignment Of Intellectual Property

Agreement by (Name) hereinafter referred to as "Assignor", and (Name) hereinafter referred to as "Assignee". The parties, intending to be legally bound hereby, agree as follows:

Assignor hereby assigns to Assignee and Assignee hereby accepts such assignment of any and all intellectual properties created during the term of this agreement by Assignor. Intellectual property shall include, among other things, patented material, copyrightable material, trademark material, or any such similar inventions, creations, devices, etc.

Assignor hereby relinquishes and grants to Assignee any and all rights, title or interest that Assignor may have, may possess, or may become legally entitled to in the property hereinabove described and assigned by Assignor to Assignee.

Assignor warrants and specifies that it has all rights title and interest to the property as hereinabove described, and that the transfer thereof to Assignee violates no federal, state, or other laws, but that the property belongs exclusively and solely to Assignor.

Assignor agrees to hold Assignee harmless and free and clear of any and all disputes, contests, infringement actions, or other legal attacks upon the property assigned by Assignor to Assignee as hereinabove described.

In consideration of this assignment, Assignee agrees to pay Assignor a one time lump sum of...

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