Free Intellectual Property Waiver

I. INTRODUCTION

This Intellectual Property Waiver ("Waiver") is made and entered into on October 31, 2055 by and between [YOUR NAME], on behalf of [YOUR COMPANY NAME], with its principal place of business located at Irvine, CA 92602 (hereinafter referred to as "Waiving Party"), and Maryjane Dare, with its principal place of business located at Irvine, CA 92602 (hereinafter referred to as "Receiving Party").

The Waiving Party acknowledges and agrees to waive certain intellectual property rights as specified in this document in favor of the Receiving Party. This Waiver is intended to clarify the ownership, use, and distribution of specific intellectual property for the benefit of both parties.

II. DEFINITIONS

For the purposes of this Waiver:

1. "Intellectual Property" refers to any and all designs, trademarks, copyrights, patents, inventions, proprietary materials, trade secrets, and any other intellectual or creative works, whether registered or unregistered, related to software development.

2. "Waived IP" refers specifically to the Intellectual Property outlined in Section III, which the Waiving Party agrees to waive under the terms specified.

III. SCOPE OF WAIVER

1. Waiver of Rights: The Waiving Party hereby waives any and all rights to the following Intellectual Property:

   • The design and copyright of the software logo

   • The source code for the user authentication module

2. Purpose of Use: The Receiving Party may use, modify, distribute, and create derivative works based on the Waived IP for commercial and educational use without restriction.

3. Duration: This Waiver shall be valid indefinitely unless otherwise terminated in accordance with Section V of this Waiver.

IV. LIMITATIONS

This Waiver applies exclusively to the Waived IP specified in Section III and does not imply any waiver or transfer of other intellectual property owned or controlled by the Waiving Party. This Waiver does not:

1. Imply an endorsement or sponsorship by the Waiving Party of the Receiving Party or its activities.

2. Grant any ownership rights to Intellectual Property not explicitly listed in Section III.

3. Permit any action or use of the Waived IP that would infringe upon the rights of any third party.

V. TERMINATION

1. Termination by Waiving Party: The Waiving Party reserves the right to terminate this Waiver at any time by providing 30 days' written notice to the Receiving Party. Upon termination, all rights to the Waived IP shall revert to the Waiving Party.

2. Effect of Termination: Upon termination, the Receiving Party shall cease all use, distribution, and modification of the Waived IP unless otherwise agreed in writing by both parties.

VI. INDEMNIFICATION

The Receiving Party agrees to indemnify, defend, and hold harmless the Waiving Party from any claims, damages, losses, or expenses arising from any use or misuse of the Waived IP by the Receiving Party, including any third-party claims of intellectual property infringement.

VII. GOVERNING LAW

This Waiver shall be governed by and construed in accordance with the laws of California, United States. Any disputes arising from or in connection with this Waiver shall be resolved exclusively in the courts of California.

VIII. ENTIRE AGREEMENT

This Waiver constitutes the entire agreement between the parties regarding the waiver of the specified Intellectual Property. Any modifications or amendments to this Waiver must be in writing and signed by both parties.

[YOUR NAME]
[YOUR COMPANY NAME]
October 31, 2055

Maryjane Dare
Receiving Party
October 31, 2055

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