▪️SAFIP · Simple Agreement for Future Intellectual Property
About
This template outlines a Simple Agreement for Future Intellectual Property (SAFIP) between a funding party (referred to as the "Sponsor") and a receiving party (referred to as the "Researcher"). The template includes standard best-practice reporting terms and reference to a research plan that gets attached to the SAFIP in an appendix.
When to use it:
Funding Research Projects: When funding is provided for research or development projects with a focus on future intellectual property rights.
Collaborative Projects: In collaborative efforts where parties need clear agreements on ownership, confidentiality, and publication rights.
Intellectual Property Protection: When there's a need to protect intellectual property resulting from the collaboration or funded research.
How to use it:
Duplicate Template: click on template below and download the file.
Fill in Variables: Replace the placeholders like [FUNDING PARTY], [RECEIVING PARTY], [START DATE], [END DATE], [AMOUNT], [MILESTONE 1, 2, etc.] with the specific details relevant to your agreement.
Scope of Work: Describe the project in detail under "SCOPE OF WORK" and attach a research program as "Exhibit A".
Consideration: Define the payment schedule based on milestones and deliverables.
Intellectual Property: Clarify ownership and rights regarding any intellectual property generated during the project.
Confidentiality: Outline confidentiality obligations for both parties.
Termination: Specify conditions for termination and survival clauses for certain sections post-termination.
Governing Law: Indicate the governing law and dispute resolution mechanisms.
Signatures: Obtain signatures from authorized representatives of both parties.
Important Considerations
Template
Last updated