This Agreement is a standard form precedent and as such you will need to insert your details into the first line of the Agreement. Please also note that the Agreement requires an attached document listing all the designs to be covered by the agreement. The agreement should be signed and returned to you before you disclose any of your designs.

The ACID Intellectual Property Agreement is designed to be saved on to your system, so that it can be re-used and updated in similar circumstances.

Below is an example of how the agreement could be used. This does not cover every situation but gives an idea of how it works in a practical business situation. Additional clauses can always be added, or existing clauses adjusted for your personal use, by a specialist Intellectual Property lawyer.

When would you use it?

When you are approaching someone else who you hope might be interested in your new designs.

With Whom?

When you are responding to a tender or before an initial meeting with a retailer that you are hoping will want to stock your product.

Why?

So that you have a paper trail from you to them in case they reject your ideas, but 6 months later they produce something which is remarkably similar. You are asking them to accept that you own the IP rights in your designs.

This agreement is a reusable legal document template which you can alter to include names, dates, addresses etc. There may be some clauses which need to be amended or deleted as they do not apply to your circumstances. This is because the document is designed as a general document to cover most commercial situations and therefore certain wording may not be appropriate, or suitable, for all situations.

As this agreement has not been drafted specifically for your circumstances, it is strongly advised, once you have made the appropriate changes to meet your business requirements, that you check it with your solicitor or with an ACID Accredited lawyer before using it, in order to ensure that the document suits your particular circumstances. No liability is accepted by ACID or any ACID Accredited Law Firm.