Intellectual Property Policy 0 0

Last updated on Jul 14, 2023 02:27 AM in Policies
Posted By Kelvin Robinson

Purpose

The purpose of this Intellectual Property (IP) Policy is to establish guidelines and procedures for the protection, ownership, and use of intellectual property created or acquired by CREATEOMOTO LLC. This policy aims to ensure that intellectual property rights are respected, preserved, and appropriately managed to encourage innovation, foster creativity, and safeguard the interests of CREATEOMOTO LLC and its stakeholders.


Scope

This IP policy applies to all employees, contractors, consultants, interns, and other individuals engaged in activities related to CREATEOMOTO LLC. It encompasses all forms of intellectual property, including but not limited to patents, copyrights, trademarks, trade secrets, and any other form of proprietary information.


Ownership of Intellectual Property

3.1 Employee-Created Intellectual Property: Any intellectual property created by employees within the scope of their employment or through the use of company resources shall be considered the property of CREATEOMOTO LLC. Employees hereby assign all rights, titles, and interests to the company, including the right to file applications for intellectual property protection.

3.2 Third-Party Intellectual Property: CREATEOMOTO LLC respects the intellectual property rights of others. Employees shall not use or incorporate any third-party intellectual property into their work without proper authorization or licenses. If third-party intellectual property is required for company activities, employees shall seek appropriate permissions and licenses.


Protection and Confidentiality

4.1 Protection Measures: CREATEOMOTO LLC will implement reasonable measures to protect intellectual property from unauthorized use, disclosure, or infringement. This may include implementing security protocols, requiring confidentiality agreements, and restricting access to sensitive information.

4.2 Confidentiality Obligations: Employees must maintain strict confidentiality regarding proprietary information and trade secrets of CREATEOMOTO LLC. This obligation continues even after the termination of employment or engagement with the company.


Intellectual Property Rights

5.1 Patents: CREATEOMOTO LLC encourages employees to disclose any inventions or innovations that may be patentable. The company will evaluate and, if deemed appropriate, seek patent protection for inventions created within the scope of employment.

5.2 Copyrights: Copyrightable works created by employees within the scope of their employment are automatically owned by CREATEOMOTO LLC. The company may register copyrights for such works and take necessary actions to enforce and protect those rights.

5.3 Trademarks: CREATEOMOTO LLC will maintain control over its trademarks and trade names. Unauthorized use of the company's trademarks is strictly prohibited.


Commercialization and Licensing

6.1 Commercialization: CREATEOMOTO LLC may choose to commercialize or monetize its intellectual property through various means, such as licensing, partnerships, or creating spin-off ventures. Decisions regarding commercialization will be made at the discretion of the company's management.

6.2 Licensing: The company may enter into licensing agreements with third parties to grant them rights to use or exploit its intellectual property. Such agreements will be subject to negotiation and will define the terms and conditions of use, royalties, and other relevant considerations.


Compliance and Enforcement

7.1 Compliance: All employees and individuals associated with CREATEOMOTO LLC are expected to comply with this IP policy and any related laws and regulations governing intellectual property rights.

7.2 Enforcement: Violation of this policy may result in disciplinary action, including termination of employment or legal action, as appropriate. Employees are encouraged to report any suspected violations of this policy through the designated channels.


Policy Review

This IP policy will be reviewed periodically to ensure its effectiveness, relevance, and compliance with legal and industry standards. Any updates or modifications to the policy will be communicated to all relevant stakeholders.

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