SayPro Intellectual Property Agreement Template SayProP116-CT072

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: _________________________