Agreement Reference Number: [Enter Number]
Effective Date: [Enter Date]
Parties Involved: SayPro & [Recipient Name]
1. PARTIES
1.1 SAYPRO (IP OWNER)
Company Name: SayPro
Company Registration Number: 2018 / 537703 / 07
Registered Address: 167 14th Road, Midrand, Gauteng, South Africa, 1685
Representative: Mr. Neftaly Vutisani Malatjie, SayPro Chief Executive Officer
(Hereinafter referred to as the “IP Owner”).
1.2 RECIPIENT (LICENSEE OR ASSIGNEE)
Organization/Individual Name: [Enter Name]
Registration Number (if applicable): [Enter Number]
Physical Address: [Enter Address]
Representative Name: [Enter Name]
Position: [Enter Position]
(Hereinafter referred to as the “Recipient”).
2. PURPOSE OF AGREEMENT
- SayPro owns certain intellectual property (IP) related to [Specify IP: software, trademarks, patents, copyrights, business models, educational content, etc.].
- The Recipient seeks permission to use, license, or obtain ownership of the IP under specific conditions.
- This Agreement sets out the rights, responsibilities, and limitations associated with the intellectual property.
3. INTELLECTUAL PROPERTY DESCRIPTION
The following intellectual property is covered under this Agreement:
- Type of IP: [Patent, Copyright, Trademark, Trade Secret, etc.]
- Title: [Name/Description of the IP]
- Registration Number (if applicable): [Enter Number]
- Date of Creation/Registration: [Enter Date]
- Description: [Provide Details]
4. TYPE OF INTELLECTUAL PROPERTY AGREEMENT
☐ IP License – SayPro grants the Recipient permission to use the IP under specific terms.
☐ IP Assignment – SayPro permanently transfers ownership of the IP to the Recipient.
☐ Joint Ownership Agreement – SayPro and the Recipient share rights to the IP.
☐ Confidentiality & Use Agreement – The Recipient can access the IP but must keep it confidential.
(Select the applicable agreement type)
5. LICENSE TERMS (IF APPLICABLE)
If this Agreement grants a license, the terms are as follows:
- Scope of Use: The Recipient may use the IP for [Specify Purpose: commercial, non-commercial, educational, research, etc.].
- Duration: The license is valid for [Specify Duration], with renewal or termination conditions.
- Geographical Limitations: The license applies to [Specify Regions, e.g., South Africa, worldwide, etc.].
- Modification Rights: ☐ Allowed ☐ Not Allowed
- Sublicensing: ☐ Allowed ☐ Not Allowed
6. COMPENSATION & ROYALTIES
- The Recipient agrees to pay [Specify Amount] for the rights granted.
- Royalties of [Specify %] shall be payable to SayPro for any commercial use of the IP.
- Payments shall be made [Specify Frequency, e.g., monthly, quarterly, annually].
7. RESTRICTIONS ON USE
- The Recipient may not claim ownership of the IP unless assigned.
- The IP cannot be sold, reproduced, distributed, or modified beyond the agreed terms.
- The Recipient must acknowledge SayPro in all uses of the IP.
- Unauthorized use, duplication, or commercialization shall result in legal penalties.
8. WARRANTIES & INDEMNIFICATION
- SayPro warrants that it owns the intellectual property and has the right to enter into this Agreement.
- The Recipient agrees to indemnify SayPro against any legal claims arising from misuse or improper use of the IP.
9. DURATION & TERMINATION
- This Agreement is valid from [Start Date] until [End Date] or until terminated by either party.
- SayPro may terminate this Agreement if the Recipient violates any terms.
- Upon termination, the Recipient must cease all use of the IP and return/destroy any related materials.
10. DISPUTE RESOLUTION
- Any disputes arising from this Agreement shall first be resolved through negotiation.
- If unresolved, the matter shall be referred to mediation/arbitration under South African law.
11. GENERAL PROVISIONS
- Entire Agreement: This document represents the full understanding between both parties.
- Amendments: Any modifications must be in writing and signed by both parties.
- Governing Law: This Agreement is governed by the laws of South Africa.
12. SIGNATURES
Signed on Behalf of SayPro (IP Owner)
Mr. Neftaly Vutisani Malatjie
SayPro Chief Executive Officer
Signature: _________________________
Date: _________________________
Signed on Behalf of [Recipient]
[Representative Name]
[Position]
Organization Name: [Enter Name]
Signature: _________________________
Date: _________________________
Witnesses
Witness 1:
Mr. Clifford Lesiba Legodi
SayPro Chief Operations Officer
Signature: _________________________
Date: _________________________
Witness 2:
Miss Tsakani Stella Rikhotso
SayPro Chief Learning and Monitoring Officer
Signature: _________________________
Date: _________________________
Witness 3:
Mr. Puluko Nkiwane
SayPro Chief Marketing Officer
Signature: _________________________
Date: _________________________
