To be used when a business agrees to allow another party to assume ownership of its intellectual property for a fee. In law this arrangement is called assigning.
Deed of Assignment of Intellectual Property Rights (Letter)
You should consider the following:
- What is the intellectual property in question?
- Does the assigning party actually own the intellectual property in question, and can the other party pay.
- Is any due diligence necessary on either side prior to entering into the agreement?
Clause 2.1 – this clause sets out the arrangements for payment to the assignor party. Is the amount to be paid up front or alternatively is there another arrangement that the parties want to adopt?
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