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Vendor CIIAA

A Proprietary Rights Addendum clarifies ownership and control of intellectual property or proprietary information created or used during a project or employment.

BLUF (Bottom Line Up Front)

Vendor CIIAA

What is it 

A Proprietary Rights Addendum to a Consulting Agreement is a supplementary legal document that further defines the ownership and handling of intellectual property (IP) created during the course of the consulting engagement. This addendum specifies that any inventions, discoveries, designs, or other IP developed by the consultant while providing services to the client will be the exclusive property of the client. It ensures that the client retains all rights to the proprietary information and materials generated as a result of the consultant's work. By signing this addendum, the consultant acknowledges and agrees to transfer any IP rights to the client, thereby protecting the client's interests and securing ownership of valuable assets. This document is crucial for clarifying IP ownership and avoiding potential disputes over intellectual property created during the consultancy.

Why is it important

When is it needed

Key Provisions

A business meeting

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