Introduction Laams is committed to fostering innovation in science, engineering, and technology. This Intellectual Property Rights (IPR) policy outlines the ownership, protection, and use of intellectual property (IP) created by the company, its employees, contractors, and collaborators. The objective is to ensure that all IP is handled in a manner that aligns with Laams’ business interests, legal obligations, and ethical standards. Ownership of Intellectual Property a. Company-Owned IP: All inventions, patents, trademarks, copyrights, trade secrets, designs, software, research, and other creations developed during the course of employment or collaboration at Laams shall be owned exclusively by Laams, unless otherwise agreed in writing. b. Employee and Contractor Contributions: Any IP developed by employees or contractors during the course of their work for Laams is automatically assigned to the company. Employees and contractors are required to disclose and assign any inventions or works to Laams that are developed using company resources, information, or within the scope of their duties. c. Third-Party IP: Laams may use third-party IP (e.g., licenses, patents, or technologies). In such cases, Laams will respect the terms of those licenses and will ensure compliance with any conditions set forth by the third-party IP holders. Protection of Intellectual Property a. Patents and Copyrights: Laams shall take reasonable measures to protect and file for patents, copyrights, and other forms of IP protection for its inventions, innovations, and creative works, where applicable. Employees and contractors are required to cooperate in the protection and registration of such IP, including executing necessary documents or providing supporting materials. b. Trade Secrets: Laams will take necessary steps to safeguard its trade secrets and confidential information. Employees and contractors must maintain confidentiality and refrain from disclosing, using, or sharing company secrets outside of their authorized duties. c. Trademarks: Laams will register and protect its trademarks and branding. Employees and contractors are prohibited from using Laams’ trademarks or brand in any unauthorized manner. Use of Intellectual Property a. Internal Use: All IP created by Laams or its employees/contractors shall remain the exclusive property of Laams, and may be used solely by Laams for internal purposes unless otherwise licensed. b. Licensing: Laams may, at its discretion, license its IP to third parties for use under terms and conditions specified in licensing agreements. These agreements will outline the scope of use, payment terms, and other conditions. c. Infringement: Laams will take action to protect its IP from infringement. Employees and contractors should notify the company immediately upon discovering any unauthorized use of Laams’ IP. Moral Rights and Attribution Laams acknowledges the moral rights of inventors, creators, and authors in relation to their works, including the right to be identified as the author and the right to object to derogatory treatment of their works. However, all such rights are subject to the company’s ownership of the IP, and the company retains the right to use, modify, or license the IP as it deems necessary. IP in Collaborative and Joint Ventures When Laams enters into collaborations or joint ventures with other entities, the ownership and use of any jointly developed IP will be governed by the terms of a separate agreement outlining the rights and obligations of all parties involved. Enforcement and Legal Actions Laams reserves the right to take legal action, including seeking injunctive relief, damages, and other remedies available under applicable law, to enforce its IP rights and protect its valuable assets. Conclusion This IPR policy is designed to ensure that Laams’ intellectual property is properly protected, managed, and leveraged to support the company’s growth and success in science, engineering, and technology. All employees, contractors, and collaborators must adhere to the provisions of this policy.