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INTELLECTUAL PROPERTY POLICY

1. Introduction

This Intellectual Property Agreement ("IPA") outlines the terms and conditions governing the ownership, use, and protection of intellectual property (IP) between True Threds LLC ("Company") and its customers. By engaging with our products or services, customers agree to abide by this Agreement.

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2. Definitions

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a. Intellectual Property (IP): Includes but is not limited to patents, trademarks, copyrights, trade secrets, product designs, graphic designs, artwork, and any other proprietary information or creations.

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b. Company: Refers to True Threds LLC , which owns and manages the IP associated with its products or services.

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c. Customer: Refers to the individual or entity purchasing or using products or services provided by the Company.

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3. Ownership of Intellectual Property

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a. Company Ownership: All IP associated with products or services provided by the Company, including but not limited to software, designs, documentation, and proprietary information, remains the sole property of the Company.

 

b. Customer IP: Customers retain ownership of any IP they bring to the Company's attention in the course of receiving products or services. This includes pre-existing IP that is not incorporated into or modified by the Company's products or services.

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4. License and Use

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a. License Grant: The Company grants customers a non-exclusive, non-transferable license to use the IP embedded in the products or services solely for their purposes, subject to the terms of this Agreement.

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b. Restrictions: Customers may not modify, reproduce, distribute, or create derivative works based on the Company's IP without prior written consent from the Company.

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5. Protection of Intellectual Property

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a. Confidentiality: Both parties agree to maintain the confidentiality of each other's proprietary information disclosed during the course of the business relationship.

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b. Security Measures: The Company implements reasonable security measures to protect its IP from unauthorized access, use, or disclosure.

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6. Compliance with Laws

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a. Legal Compliance: Both parties agree to comply with all applicable laws and regulations governing intellectual property rights, including but not limited to copyright, trademark, and patent laws.

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7. Dispute Resolution

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a. Negotiation: In the event of any dispute arising from or related to this Agreement, the parties agree to negotiate in good faith to resolve the issue.

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a. Mediation: In the event of any dispute arising from or related to this Agreement, of which cannot be resolved by direct negotiation, the parties agree to enter into Mediation prior to taking any official legal action against one another.

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b. Jurisdiction: Any legal proceedings arising from this Agreement shall be conducted in the County of Los Angeles in the State of California, and the prevailing party shall be entitled to recover its reasonable attorney fees and costs.

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8. Term 

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a. Term: This Agreement remains in effect for as long as the customer uses the Company's products or services.

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9. Miscellaneous

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a. Entire Agreement: This Agreement constitutes the entire understanding between the parties concerning the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral.

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b. Amendments: This Agreement may be updated at anytime by the Company without notice.

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10. Contact Information

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For questions or concerns regarding this Intellectual Property Agreement, please contact info@truethreds.com

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11. Conclusion

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By engaging with our products or services, customers acknowledge and agree to be bound by this Intellectual Property Agreement. This Agreement ensures clarity regarding ownership, use, and protection of intellectual property rights between True Threds LLCC and its customers.

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