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Assignment of Intellectual Property Agreement


IPR

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Assignment of Intellectual Property Agreement

§ 1 Parties

Sender Business Ltd
Example Street 1
123456 City
Country

Receiver Business Ltd
Example Street 1
123456 City
Country

§ 2 Background and Purpose

Assignor is the sole owner to and developer of the intellectual property specified in Schedule 1 (“IP”).

Assignee wishes to obtain the full ownership to the IP to use the IP in [insert description of the purpose for the Assignee to enter into the Agreement and to acquire the IP].

With the purpose to permanently transfer the ownership in the IP from the Assignor to the Assignee the Parties have entered into this Agreement.

§ 3 Assignment

The Assignor hereby assigns, upon the fulfilment by Assignee of the payment obligations set forth in section 6, to the Assignee all right, title, and interest in and to the IP.

The assignment also includes a right for the Assignee to freely modify, develop or otherwise process copyrighted works, including the right to assign such works.

For the avoidance of doubt, the Assignor will no longer have any rights whatsoever in the IP when it has been assigned to Assignee under the terms and conditions set forth in this Agreement.

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