Assignment Intellectual Property - Intellectual Property Rights
Unlike an Intellectual Property License Agreement, which provides the licensee a right to use, but not to own, certain intellectual property rights. An Intellectual Property Assignment involves a complete and exclusive sale of the intellectual property rights. This gives the assignee complete ownership to exploit the intellectual property rights in whatever way it likes (subject to any limitations listed in the agreement)
The intellectual property rights transfer may include an ongoing Royalty or a one off payment or it may simply be the transfer from the owner to a company in exchange for shares in the company.
Use this Intellectual Property Assignment (may also be known as a Deed of Assignment) whenever you wish to transfer intellectual property from one party to another. This is an enforceable agreement effectuating an assignment of intellectual property rights from an “Assignor”, the owner of the rights, to an “Assignee”, the purchaser of the rights, in exchange for valuable consideration.
This professionally drafted Intellectual Property Assignment agreement is drafted for your ease of use by using any word processing software. It is available for immediate download and comes with a comprehensive instruction manual. You can use this template time after time, simply edit the fields as you require and print your agreement, its so easy.
The Assignment Intellectual Property rights agreement with easy to follow instructions includes the following provisions-
- The Parties
- Definitions
- Assignment
- Consideration
- Assignees further rights
- Warranties
- Further Assurances
- Amendment
- Liability for Expenses
- Governing Law
Assignment of Intellectual Property Rights
