An intellectual property consultant agreement is a document that sets forth the terms of a working relationship between a client and an IP consultant. IP consultants usually work for a consulting firm that focuses on providing services to clients such as defining and registering inventions, preparing applications, following up on payments and communications post-application, searching for IP infringements, and any other such IP related services as requested by the client. All services provided by the consultant should be detailed in the agreement along with the length of the arrangement and the type of compensation for the consultant. Furthermore, the agreement helps establish boundaries between the two parties. For instance, proprietary information and confidentiality are particularly important when dealing with intellectual property. An IP consultant agreement is legally binding upon the parties when their signatures are inscribed thereto.
What is Intellectual Property?
Intellectual property is something created by an individual or group of individuals that can be protected by law for its originality and unique innovation. Examples of intellectual property, or “IP,” are symbols, images/icons, names, inventions and designs, and works of literature or art. These are all creations that can be patented, copyrighted, and trademarked, meaning the creator can seek legal action should their invention(s) be used improperly or are replicated by another party. IP is usually separated into two categories; industrial property (inventions, trademarks, industrial designs, etc.) and copyright (artistic works such as novels, plays, films, music, paintings, etc.).