First, the name of the company and its activities:
Wealthy company and economy
It is the first international site that includes a large number of celebrities and rich people (multi-language) and international and Canadian companies
For the rich and contribute to the link of society and encourage the international economy by promoting opportunities in investment ministries
In the world, it is the most prominent means of representing brands and selling expensive things in international Madads and collectibles
The stars, the rich and the money market situation are well known
Established in 2020
Headquarters: Dubai, United Arab Emirates
Subsidiaries: Rich Row Company, Sharjah Investments and Commercial Services Company
II 0 Introduction 1F:
Intellectual property is one of the most prominent forms of property that deserves protection. Creative intellectual practices represent the main pillar through which cultures and scientific and technological progress crystallize. Therefore, it was necessary to protect the rights of their owners and give protection to their production, whether literary, artistic or industrial, and enable them to exploit and benefit from it to create They have the incentive behind it to add more creativity.
The Foundation has realized the need to encourage the practical application and economical use of the research results conducted in the Foundation for the benefit of the general community, so the Foundation has adopted the following intellectual property policy:
The current policy relates to the right of researchers to own, protect and commercially invest intellectual property resulting from their activities and duties while working at the institution.
This document defines the foundation's rules for cooperation with industrial and commercial organizations and provides guidelines on the sharing of economic benefits arising from the commercial exploitation of intellectual property.
This policy aims to:
1- Promote, encourage and support scientific and research investigation.
2- It provides legal certainty in research activities and in technology-based relationships with third parties.
3- Define the institutional procedures for identifying, owning, protecting and marketing intellectual property.
4- Ensure efficiency and timeliness in the protection and management of intellectual property.
5- Facilitating the registration and monitoring of the institution's wealth of intellectual property and preserving it.
6- Ensure that the economic benefits resulting from the commercialization of intellectual property will be distributed in a fair and equitable manner to all concerned parties based on their contribution.
7- Enhancing the institution's reputation as an academic research institution and a member of the community, as well as enhancing the reputation of researchers by providing research results for public use and interest.
Nothing in this policy contradicts or overrides the prevailing provisions of national law.
Intellectual property rights are properties of value that are owned by people and can be sold, bought, licensed and transferred to a third party. The owner of the intellectual property is not necessarily the person who produced the intellectual property in the first place.
It also includes applications or the right to submit applications to obtain these rights with all their appendices and renewals, and in each of these cases all rights or forms of protection that have a similar or similar effect anywhere in the world.
The “inventor” is the researcher who contributed to the creation of intellectual property. 2f
“Research Agreement” may be referred to as a Research Services Agreement, a Collaborative Research and Development Agreement, a Material Transfer Agreement, a Privacy Agreement, a Consulting Agreement, or any other type of agreement related to research applied by researchers, or related to intellectual property created at the Foundation.
1- Persons working in the enterprise, including corporate and technical employees.
2- Companies, graduates and postgraduate students.
3- Any person, including visiting scholars.
who use the Foundation's resources and who perform any research work at the Foundation or are otherwise persons involved in any research project administered by the Foundation, including those funded by external sponsors.
Third: Policy Scope:
1- This policy is valid for all intellectual property and rights associated with it as of the date of its issuance.
2- This policy applies to all researchers who have committed themselves to a legal relationship with the institution, which in turn imposes on them
Adhere to this policy. Such legal relations may arise according to the provisions of the law or a collective or individual agreement3. F
3- The current policy is not applied retroactively and is not valid in the event that the researcher had previously been associated with an explicit agreement with the institution, which stipulates otherwise than what was mentioned in this policy before the actual date of its issuance, or in the event that the institution had previously concluded an agreement with a party Third regarding the rights and obligations set forth in this policy.
Fourth: Legal issues related to the legal status of the researcher:
1- The person authorized on behalf of the institution shall ensure that the employment contract or any other agreement that establishes any type of employment relationship between the institution and the researcher includes a clause stating that the researcher is restricted to work within the scope of this policy.
2- Students of the Foundation must sign an agreement that binds them to the content of this policy before starting any research activity.
3- Postgraduate students enrolled in doctoral research programs must sign an agreement obligating them to the content of this policy upon registration.
4- The person authorized to conclude agreements on behalf of the institution must ensure that a compliance agreement with the content of this policy is signed by researchers who are not employees of the institution, including visiting researchers, as well as a waiver agreement regarding the ownership of any intellectual property that may result during the exercise of their research activities Which, in turn, stemmed from their cooperation with the Foundation.
These agreements must be signed before starting any research activity in the institution.
5- Despite what was mentioned in Article 4 in the fourth item, there may be a need for special arrangements that correspond to previous obligations of visiting researchers. In any case that requires special arrangements, these arrangements will be evaluated and the necessary decisions will be taken
on a case-by-case basis by the person or committee appointed by M4F.
6- There may be a need for special arrangements with regard to the research activities applied by the researcher employed in the institution in the event that the researcher works as a visiting academic researcher in another institution. In this case, it may be one of the requirements imposed on the researcher by the third party to sign any document that would affect the intellectual property rights of the institution. Therefore, in order to avoid any subsequent disputes, the researcher is not entitled to sign any document or agreement without obtaining the written consent of the authorized person or the committee appointed by the institution. The institution is not entitled to reject the researcher's request if his work with the third party does not affect the intellectual property rights of the institution. In the event that there is a document or agreement that may affect the intellectual property rights of the institution, the institution will negotiate with the third party to conclude an agreement as described in the fifth clause.
7- The rights and obligations stipulated in this policy are not affected in the event of termination of work or study in the institution.
Fifth: External sponsors and research cooperation relations with third parties:
1- It is the responsibility of the researcher to ensure that before starting any research cooperation work with any third party, all binding terms and conditions for this cooperation must be agreed and specified in advance (which will be referred to later as the agreement
search.)
2- The researcher is not entitled to enter into a research agreement with a third party on behalf of the institution except after obtaining a permit from
The competent authority officially appointed to represent the institution in such type of agreements. 5F
3- Persons entrusted to act on behalf of the institution must fully exercise their duties when negotiating.
Agreements and signing of contracts that may affect the intellectual property rights of the institution. 6F
4- In some cases, it may be beneficial for the institution to conclude research agreements that are exceptions to the terms or conditions of this policy with external research sponsors and other third parties.
5- Depending on the relative intellectual and financial contributions to the intellectual property concept provided by the institution and by the third party, it may be appropriate for one of the parties to obtain certain intellectual property rights and/or a share in the proceeds resulting from its commercialization.
6- In the absence of an agreement as specified in Article Five in the first clause, then the institution's policy is adopted to distribute intellectual property rights among the cooperating parties in proportions that reflect the percentage of their contribution to the establishment of intellectual property.
7- In order to enable the cooperating parties to establish a methodology for the distribution of ratios as described in Article V in the sixth item and to avoid any subsequent disputes, it is recommended that the participating parties document the records of the applied research activities on a regular basis signed by all parties concerned.
8- The agreement concluded and described in Article V in the first clause must include, inter alia, provisions relating to the following: 7F:
A- The intellectual property rights and associated rights that already exist in the organization must be taken into account prior to entering into the Agreement8F.
b- Intellectual property and rights related to intellectual property resulting from research activities shall be specified in the agreement after entering into it. F109F
C- Confidentiality (privacy) requirements.
d- General disclosure requirements.
e- Other relevant provisions.
9- Any provision of confidentiality (privacy) related to the research agreement that aims to delay public disclosure for the purpose of protection, usually should not be valid for a period longer than (...months) from the date of notifying the person concerned of the intention to publish.
10- Before signing, a full copy of the proposed agreement and all other legal data related to the intellectual property rights of the institution must be submitted to the person or entity appointed by the institution to obtain advice and approval.
Sixth: Ownership of Intellectual Property 1 12F:
1- Foundation staff 1312F:
A- All intellectual property rights that are produced, manufactured, or created by the employees or employees of the institution while performing their job duties are generally considered the property of the institution automatically.
B- In the event that an employee of the institution produces intellectual property outside the scope of his usual job, relying heavily on the resources of the institution 13 14F, then the employee is considered to have agreed in advance to transfer the rights of this intellectual property to the institution as compensation for the use of its resources.
C- Intellectual property, as mentioned in Article Six in the first clause in Paragraph (a), which is created in the context of funded research or based on an agreement with a third party, is initially owned by the Foundation, after which the final owner is determined according to the terms of the agreements described. In Article Five of this policy.
d- All of the aforementioned in this paragraph also applies to students employed in the institution.
Fees for application and maintenance of intellectual property, conditions for the commercial exploitation of intellectual property, in addition to the sharing of revenues resulting from the marketing of intellectual property.
12 National laws regarding intellectual property ownership rights may differ. The provisions of this policy should be adapted as necessary to prevailing national law. In some countries, intellectual property rights are given to inventors, to the state, or to other government organizations.
13 In many countries the concept of “service invention” is provided for in national law. In some specific cases the application of the provision of this concept may serve as the basis for the transfer of ownership, without signing any additional agreements. However, in such cases researchers are still bound by the rules of this policy.
14 In general, the use of the library and facilities available for public use and the occasional use of desktop and personal devices is not considered a significant use of the institution's resources.
2- Employees involved in research activities in other institutions:
The rights to intellectual property created during a visit to M. Academy are subject to
general efficacy.
2- It is the responsibility of the competent person or department appointed by the institution to protect and market the intellectual property of the institution. However, the institution must consult the inventor at every stage of the process.
3- Researchers must submit all draft publications that bear scientific results in written form to the head of the department concerned with these researches before publishing them. They must declare in writing that, to the best of their knowledge, these publications do not contain any protected results or may be exploited in any way.
4- All researchers, including employees, companies, and visiting researchers, are obligated to disclose all intellectual property within the scope of Article VI to the person or competent department appointed by the institution.
5- Copyrights are excluded from the obligation to disclose them as stipulated in Article 8 in the third item. Except in the event that these rights arise during the performance of funded research or research implemented under an agreement with a third party.
6. Since the protection and successful commercialization of intellectual property may depend on prompt and effective management, inventors should disclose any potentially exploitable intellectual property as soon as they become aware of it. These intellectual properties are disclosed by filling out the Intellectual Property Disclosure Form 17F, and this form is made available by the appropriate person or department appointed by the institution.
7- Inventors must fully disclose research activities and findings related to intellectual property and provide information about themselves, in particular the percentage of their contribution to the creation of intellectual property and the circumstances under which it was created. A detailed explanation of intellectual property must be provided in a way that proves that the activity is creative and innovative as well as industrially applicable and clear and understandable to a professional.
8- In the event that the disclosure form is incomplete, the form may be sent again to the inventor to obtain additional information. The disclosure date is the day on which the competent person or department designated by the institution receives the full disclosure signed by all inventors.
9- If the inventor has the slightest doubt that the intellectual property may fall within the scope of Article 6, or that it is subject to commercial exploitation, then he must submit a disclosure of the intellectual property to the person or the competent authority appointed by the institution for the study before public disclosure of the intellectual property.
10- Early disclosure of intellectual property may harm its protection and potential marketing. To avoid any loss of potential benefits, researchers should make reasonable efforts to identify intellectual property early in the development process and consider the implications of public disclosure.
11- After full disclosure of the information related to the invention, the competent person or department appointed by the institution must register the intellectual property in the official records.
12- The competent person or department appointed by the institution shall ensure the existence of any agreements involving intellectual property rights and other obligations that are inconsistent with the provisions of this policy. Certain provisions in research agreements may require the waiver of some intellectual property rights in whole or in part. In the event of a waiver, procedures for the protection and marketing of intellectual property must be specified in a separate agreement to be concluded between the institution and other concerned parties.
In all other cases, the process of protecting and marketing intellectual property is subject to the procedures stipulated in this policy.
13- The concerned person or department in the institution must notify the head of the department of all disclosures of inventions. This notice must include a short summary of what the intellectual property created is and the names of the inventors.
14- After the date of disclosure, the relevant person or department in the institution must start the intellectual property evaluation process. As a first step, a pre-assessment process must be carried out in order to identify any major obstacles that would hinder the protection and marketing of intellectual property. Based on the results of this pre-evaluation, recommendations are written as to whether these intellectual property should be protected and marketed. These recommendations are referred to the person or committee.
concerned to make the final decision on behalf of the institution. These recommendations must be transmitted within ..... days from the date of disclosure. And the final decision must be taken within .... days from the date of disclosure.
15- The inventor(s) shall be notified in writing of the final decision within … days from the date of taking the decision. If the institution decides not to commercialize the submitted intellectual property, then the procedures stipulated in Article VI in the sixth item will be taken.
16- The competent person or department appointed by the institution shall conduct and submit a complete intellectual property assessment with particular attention to possible ways of protecting intellectual property and potential business opportunities.
17- The inventor(s) should cooperate closely with the competent person or department appointed by the institution and with patent attorneys and any of the specialized experts cooperating with the institution. Inventor(s) are required to provide assistance as much as possible in order to protect and commercialize intellectual property by providing the required information, attending meetings and providing advice on further development of intellectual property.
18- The competent person or department appointed by the institution shall initiate procedures for obtaining legal protection for intellectual property within a reasonable period of time, and if the need arises, he must follow up the procedures and exert due diligence and effort until such protection is obtained. Public disclosure of search results prior to acquiring the right of priority in respect of certain and specific intellectual property applications may seriously jeopardize the appropriate protection of the relevant intellectual property rights. Therefore, the inventor(s) are kindly requested to avoid any public disclosure of the research results before submitting the necessary and protective applications. The Foundation strives to avoid any undue delay in publication.
19- The competent person or department appointed by the institution and the inventors should cooperate with each other to develop an appropriate strategy
For marketing as part of the evaluation process within .... months from the date of issuance of the institution's decision. This strategy defines the tasks of each of the parties involved in the marketing process and sets deadlines for specific actions.
20- It is the responsibility of the competent person or department appointed by the institution to implement the marketing plan and must submit specific proposals such as draft agreements or work plans to the person or committee appointed by the institution to take the necessary decision.
21- Commercial decisions, such as decisions related to the terms or conditions of ownership transfer or licensing agreements or the establishment of a spin-off company, are taken on a case-by-case basis and taking into account all circumstances by the person or committee appointed by the Corporation.
22- The institution may decide not to apply for a protection application for a registered industrial property, or it may withdraw the application related to research that has not yet been published. The institution may find it appropriate for marketing purposes to treat intellectual property as knowledge or technical expertise that carries a confidential nature. Inventors are requested in writing to refrain from any public disclosure of the relevant intellectual property. When making such a decision, the institution must take into account the freedom of researchers to publish, as well as the public interest.
23- If the institution decides not to follow up on an application or withdraw it, or not to preserve the rights granted or registered, then the provisions of Item Six of Article Six will be applied, and these decisions will be taken by the competent person or committee appointed by the institution.
24- Intellectual property outside the scope of Article 6 can be disclosed to the Foundation by researchers in accordance with the provisions of this policy. In this case, the institution must decide whether to exploit or market the intellectual property within ... days from the date of full disclosure of all relevant information. If the institution decides to pledge to protect and market the intellectual property, then the terms and conditions of this policy will apply.
25- The institution shall bear all expenses related to the protection and marketing of intellectual property.
26- During the evaluation and marketing period, if there is a need to disclose the full description of the intellectual property to third parties, then this disclosure must be made in accordance with the confidentiality and privacy agreement.
Ninth: Registering and maintaining the institution’s wealth of intellectual property:
1- The person or the competent authority appointed by the institution shall keep the intellectual property records of the institution in an appropriate manner and include a comprehensive detail about these intellectual properties so that they must monitor the deadlines for the financial obligations required to maintain the protected intellectual property and inform the person or the competent department appointed by the institution within a period reasonable time.
2- The person appointed by the institution shall maintain accounting records relating to each of the intellectual property belonging to the institution. He shall be responsible for registering the intellectual property in the accounting records, for paying any of the costs payable on time, and for distributing the proceeds resulting from the commercial exploitation of these intellectual property.
Tenth: Distribution of revenues and motivating researchers:
1- The institution shall provide researchers with incentives by distributing the proceeds of profits resulting from the commercialization of intellectual property.
2- The term “net income” expresses all licensing fees, dues, and any other funds that the institution receives as a result of the marketing of intellectual property, except for the costs incurred by the institution for the protection and marketing of intellectual property.
3- Sharing the proceeds from the net income should be as follows:
4- In the event that there is more than one inventor, then the share of the inventor is divided among the inventors in a proportion that reflects the contribution of each of them as stipulated in the disclosure form submitted and signed by them.
5- In some cases, the Corporation reserves the right to negotiate special conditions regarding the distribution of revenues, in particular when the revenues result from the sale of shares or from dividends in cases where the shares have been allocated to a specific entity within the entity of the Corporation for which intellectual property has been licensed or assigned But it is not a spin-off.
6- In the case of establishing a spin-off company, a separate agreement must be concluded between the establishment and the inventor(s) applicable in a way that reflects the shares of the inventor(s) and the establishment in an equitable manner. The terms of the agreement are negotiated on a case-by-case basis, taking into account the following: the contribution of the inventor(s) to any subsequent development and exploitation that takes place after the creation of the intellectual property and any financing provided by the inventor(s), as well as the shares acquired in the new project by the Corporation or any third party.
The decision on the conditions for the establishment of this entity is taken by the person or committee appointed by the institution and acting on its behalf in taking such decisions.
7- In the event of exploiting trademarks and other indices, the inventors must take into account that the proportion of their participation in this exploitation may accrue to them a benefit from the revenues resulting from it as stipulated in the aforementioned individual agreement. The person or committee appointed by the Foundation shall decide such cases on a case-by-case basis.
Eleventh: Violation of the rules of this policy:
Violation of the provisions of this policy shall be dealt with within the framework of the institution's usual procedures in accordance with the relevant legal provisions.
Twelfth: Disputes and Appeals:
In the first instance, disputes shall be dealt with by the person or body designated by the Corporation. The decision shall be made within… days of the date of filing the complaint. In addition to the above, with regard to any legal dispute arising in connection with the provisions of this policy, the provisions of the relevant law shall apply.
Thirteenth: Entry into Force of the Policy:
1- This policy shall take effect from the date of …………..
2- All agreements and contracts concluded by the Foundation with researchers prior to the implementation of this policy are subject to the provisions of the policy in effect.