Intellectual Property Release Form

INTELLECTUAL PROPERTY RELEASE AGREEMENT

This Intellectual Property Release Agreement (hereinafter "Release") is dated ________ and is between the following parties:

________ (hereinafter "Creator"), having an address at the following:

________

-and-

________ (hereinafter "New Rights Holder"), having an address at the following:

________

WHEREAS creator owns all rights, titles and interests in and to a certain work of intellectual property (hereinafter "Work"), defined specifically as the following:

________

AND WHEREAS new Rights Holder wishes to acquire such rights, titles and interests in the said Work;

AND WHEREAS creator is willing to relinquish absolute rights, titles and interests in the said Work;

NOW THEREFORE the Parties agree as follows:

1. RELEASE

Creator hereby releases, and New Rights Holder does accept, the absolute and unconditional right to reproduce, prepare derivative works, distribute, perform, and/or display the Work, as applicable. Creator does not hold any remaining rights in and to the Work, and the unconditional ability to use and exploit the Work belongs exclusively to New Rights Holder.

2. INDEMNITY

In consideration for the Creator's transfer of the Intellectual Property Rights of the Work, the New Rights Holder will pay to the Creator the following fee: $________.

3. REPRESENTATIONS

Creator hereby represents and warrants that Creator is the exclusive holder of any and all rights in and to the Work, and that no other individual or entity may claim any rights, title and/or interest in the said Work. Creator additionally warrants that Creator has all necessary rights required to grant New Rights Holder unconditional and unlimited use and exploitation of the Work.

4. AGE OF CONSENT

Creator hereby warrants that Creator is of full legal age and has the right to contract in the province of Alberta.

5. ASSIGNMENT

The rights and obligations under this agreement will inure to the benefit and be binding upon any of the Creator's successors and assignees, as well as any of New Rights Holder's successors and assignees.

6. JURISDICTION & GOVERNING LAW

This Release will be governed exclusively in accordance with the laws of the province of Alberta, and the laws of Canada in effect in the province of Alberta.

7. COUNTERPARTS

This Release may be executed in counterparts, all of which shall constitute a single agreement between the parties. If the dates set forth at the end of this document are different, this Release is to be considered effective as of the date that both parties have signed the Release, which may be a later date.

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IN WITNESS WHEREOF, the Parties execute the Agreement as follows:

________________________________________ (signature)

________
Date:

________________________________________ (signature)

________
Date: