2.1. The transfer of trademarks under a franchise agreement: Franchisors generally have proprietary business methods and own trademarks that associate consumers exclusively with the franchisee`s activities. Internationally renowned brands such as McDonalds or Krispy Kreme follow this business model, where their stores have proprietary elements that they concede to local companies around the world. Companies that acquire such a license under a franchise agreement have the right to create a local franchise unit and operate it in accordance with the terms of the franchise agreement. a. “Taking into account the rights granted under clause [“], the licensee shall pay the licensor a royalty (the “Royalty”) equal to []% of the net turnover achieved during the term of the licence. The fee provided for in this clause is payable no later than 5 (5) business days after the last day of each quarter.¬†Example: “During the lifetime, the author grants the publisher the exclusive right to reproduce, print, publish, translate, display and transmit the work in whole and in part in the territory, in the languages and formats agreed between the parties. It is specified that the publisher may not be granted film, film, television, radio, drama or other adaptation rights, and that the author may exploit these rights.¬†1. In Waterman v. MacKenzie et.al, 138 US 252, the U.S. Supreme Court held that, in the case of an assignment or license, it was necessary to consider the legal effect of the terms and the grant, not simply the nomenclature of the agreement or the titles of different clauses. Employment contracts should normally include a framework clause allowing the use and transfer by and to the employer of all IPRs produced by the worker during employment, in particular where the worker is a principal member of the team. The clause also gives the employer exclusive rights over all such intellectual property rights.

1.1.1. Agreement with the music composer: It is an industry practice for the producer of a film to entrust the music composer with the composition of the music and background music for the film. Under the Copyright Act 1957 (“Copyright Act”), the composer is the author of the musical work. It is common for the producer to retain copyright in all musical works until the release of the film by granting a service contract with the musical composer.3 1.5.4. Integration agreement for application programming interfaces (“APIs”): APIs are tools for interacting between different software intermediaries. In API integration agreements, one party (i) granted its API (either on an exclusive or non-exclusive basis) to another party for the integration of its API into the software (in the form of an application or website), or (ii) two parties offer to integrate their software to create a new product. 5.1.3. The contract must also provide, where applicable, for the consequences of late payment. In addition to the assurances and guarantees normally contained in agreements, including in terms of capacity and performance, there are certain specific guarantees that should be included in intellectual property agreements. Example: “Rights granted – X grants, transfers and transfers all rights in the work], including, but not limited to, the following exclusive rights throughout the territory (as in clause [[]] for the duration (as defined in clause [ “) – In this article, which is the second in the two-part series on the transfer of intellectual property, we discussed how we discussed, in which different clauses need to be formulated in an IP transfer contract…