FR EA

Extract to table

Pull the structured facts out of a document: parties, dates, amounts, obligations.

Extract to table / ip-ownership-assignment-analysis.docx
ip-ownership-assignment-analysis.docx · 1009-00001

Parties

HARKNESS LLP
Skybridge Fintech Ltd
Equity Inc
Pinnacle Software Solutions Ltd
Contact Pinnacle Software Solutions Ltd

Dates

December 22, 2023
December 20, 2023
November 13, 2023
December 6, 2023
January 15, 2024
December 1, 2023
September 12, 2017
January 14, 2024

Amounts

$60,000,000

Obligations

§ 101, a "work made for hire" is either (a) a work prepared by an employee within the scope of employment, or (b) a work specially ordered or commissioned for use in one of nine enumerated categories, provided the parties expressly agree in a signed written instrument that the work shall be considered a work made for hire
§ 1833(b)(3)(A), an employer must provide notice of this immunity in any contract or agreement with an employee that governs the use of a trade secret or other confidential information
Vasquez within the scope of her employment shall be considered "works made for hire" as defined under 17 U
The Legacy Form uses the formulation "Employee agrees to assign to the Company all right, title, and interest in any inventions
While the Company could enforce this contractual right through litigation if necessary, the gap in the assignment chain presents a risk that should be remediated prior to the Bridge Financing closing (or, at minimum, on an expedited post-closing basis) and must be fully resolved before the planned Series D round
§ 101 unless (a) the work falls within one of the nine enumerated statutory categories (contribution to a collective work, part of a motion picture or other audiovisual work, translation, supplementary work, compilation, instructional text, test, answer material for a test, or atlas), and (b) the parties expressly agree in a signed written instrument that the work shall be considered a work made for hire