Question 1: This program will create the document indicated. Please be sure that this is what you want to write before starting. You can return to the main menu and select another module by pressing the "escape" (Esc) key. An Assignment of Intellectual Property is similar to a License of Intellectual Property. The major difference is that an assignment tends to transfer title to the property to the Assignee whereas a License is usually only for a limited period of time and usually doesn't transfer title. Question 2: This can be either an individual or a company name. Normally, it will be an individual. Question 3: Please enter the full name of the person or company that is receiving the assignment. Question 4: The program will allow you to designate that it will cover only certain items of intellectual property that are created, or all items created during the period of the agreement. Often, an employer will have all items created by an employee covered. Intellectual property includes patented items, trademarks, tradenames, copyrights, etc. Question 5: It is important to carefully identify the property that will be covered by this agreement. Question 6: Often the Assignee of the property will hold the Assignor harmless from any claims made against the property. This means that the Assignee will defend the property from any lawsuits involving it, will protect it from any misuse, and generally keep it from being wrongfully distributed or disclosed to others. Question 7: Generally, the Assignee will pay for the assignment. This is particularly true when the Assignor is not the employee of the Assignee. Question 8: If the Assignee is going to pay for the assignment of the property, there are several ways in which payment can be made. Here, you can designate that payment will be a one time lump sum. Question 9: Please put the amount that will be paid for the property. You needn't put a "$" sign because it will automatically appear in the document. Question 10: Please specify when the payment to the Assignor will occur. Question 11: If the payment is not going to be a one time lump sum, then the program will allow you to designate that payment will be either in periodic amounts or as a royalty or percentage of what the Assignee receives in connection with the property. Answering "yes" to this question will mean that payment is going to be in a fixed amount rather than a royalty or percentage. Question 12: Please put the amount down that will be paid. You should put down the amount that will be paid periodically. You needn't put a "$" sign because it will automatically appear in the document. Question 13: Here, you can specify when payments will be made to the Licensor. Question 14: In the previous questions you have specified that the payments will be made on a regular basis. Thus, they can be made a certain number of days after the end of each period, and you need to identify how many days. Question 15: If you have specified that the Assignor will receive a payment, but that it will not be a fixed sum, then the program will allow you to designate a royalty payment for the Assignor. Please specify the exact percentage that the Licensor will receive. You needn't put a "%" sign since one will automatically appear in the document. Question 16: How often will the royalty be paid? Here, you need to identify when the payments are to be made to the Licensor. Note that in the next question you can put down that the payments will be made a certain number of days after the end of the period. Question 17: Here, you can enter the number of days after the end of the period that the Licensee has to pay the royalty. Normally this will be a period of time such as "thirty", "forty-five", etc. Question 18: Here, you can specify that the agreement will end at a certain time. Question 19: The program gives you broad flexibility to identify when the agreement will terminate. Question 20: Some intellectual property is protected by law for a specific number of years, such as a patent. The agreement can then terminate at the end of that period. Question 21: If you have chosen to have the agreement automatically end on a certain date, then please put down that date. Question 22: You can specify that the agreement will end after a certain number of years, in which case the agreement will terminate on the anniversary of the day it is signed. Question 23: Please enter the number of years that the agreement will last. Question 24: In many states it is necessary to have a clause like this in a contract to enable the prevailing party in a dispute to be reimbursed for attorneys' fees. The cost of legal help is becoming such that if you can't get fees from the other side if the agreement is breached, then it could be too expensive to proceed against them to enforce your rights. Thus, this kind of clause is often a very good idea. If you are not sure that you can get fees in your state or territory without this clause, then it is recommended. Question 25: It is often cheaper to arbitrate a dispute than to go to court to resolve it. This clause allows you to specify that any problem must be arbitrated rather than litigated in court. Arbitration is available in all of the major cities in the United States and in many rural areas, although before using this clause you might check with an attorney in your area to make sure that some form of arbitration is available. Question 26: The city or town that the agreement will be signed in needs to be specified. If you are going to execute the agreement in a rural area (not in a city or town) then use the name of the closest city or town. Question 27: The state, territory or jurisdiction needs to be specified. Question 28: The questions are now complete. You can go back to any question if you wish by pressing "escape", or you can continue with the program. Now that the questions are completed, the program will allow you to preview the document, write it to a disk file for editing further or print it. Note that it will be automatically saved so you can review or print it later.