# 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:**

1. **Duplicate Template:** click on template below and download the file.
2. **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.
3. **Scope of Work**: Describe the project in detail under "SCOPE OF WORK" and attach a research program as "Exhibit A".
4. **Consideration**: Define the payment schedule based on milestones and deliverables.
5. **Intellectual Property**: Clarify ownership and rights regarding any intellectual property generated during the project.
6. **Confidentiality**: Outline confidentiality obligations for both parties.
7. **Termination**: Specify conditions for termination and survival clauses for certain sections post-termination.
8. **Governing Law**: Indicate the governing law and dispute resolution mechanisms.
9. **Signatures**: Obtain signatures from authorized representatives of both parties.

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Important Considerations
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### Template 

{% embed url="<https://docs.google.com/document/d/1EB5YafOEnAEPc6RcfplLMbUFYuFdKwfRtOZllezoQ_k/edit>" %}
SAFIP
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