Intellectual Property Assignment Agreement
14563 People purchased
Intellectual Property Assignment Agreement
Intellectual Property Assignment Agreement
14563 People purchased
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IP Assignment Agreement
IP Assignment Agreement is a written agreement between two parties in which a property owner (known as assignor) transfers the complete ownership in a subject matter to another party (known as assignee).
All subject matters of the intellectual property rights, such as music, design, artwork, photograph, video, sound, etc. can be assigned by the owner of such material.
The terms of the transfer have to be clearly captured in the agreement to avoid any ambiguity.
Contents of IP Assignment Agreement
A well drafted IP Assignment Agreement contains the following:-
- Details about the subject matter being transferred
- Mode of payment
- Representation and warranty
- Indemnification
- Limitation of liability
- Grounds of termination
- Severability
- Waiver
- Other legal clauses
Laws governing IP Assignment Agreements in India
The different laws which govern various aspects of IP Assignment Agreements in India are as follows:
- The Indian Contract Act, 1872
- Copyright Act, 1957
- Trade Marks Act, 1999
- Design Act, 2000
- Patents Act, 1970
- Competition Act, 2002
- Stamp Duty Act (State specific)
Why LegalKart?
- Senior Expert Lawyers: We will get your document drafted/reviewed by Expert Senior lawyers, skilled in Intellectual Property Laws. You can track the progress of your document on our platform at all times.
- 4.5 Customer Score: Clients are delighted with our service! They have consistently rated us high because of our focus on delivering quality output and providing regular updates.
- Responsible Delivery: Our team of experienced business advisors are just a phone call away. Our team will ensure that your interaction with the expert lawyer is smooth and seamless and the document draft is delivered to you within the committed timeline.
Deliverables
Our standard deliverables for every document drafting includes:
- Talk-Time with the Lawyer for drafting/reviewing the Agreement
- First draft of the documents will be delivered to you within a maximum of 2 working days
- Post-delivery of the first draft – Iterations in the master Document to incorporate your suggestions/changes
Startup Documents
Intellectual Property Assignment Agreement
₹3199
₹ 14999 (80% Off) ₹11800 SaveGross Total
₹3199
Deliverables *
Consultation call with the expert lawyer
IP Assignment Agreement Drafting
Customer feedback, review and Final Delivery.
We Accept
Frequently Asked Question
What is the difference between licensing and assignment?
The primary difference between the two is that a License allows the Licensor to maintain their rights and interest in their IP, whereas an Assignment transfers all of the Assignors rights to their IP and assigns it to the Assignee.
Would I retain any right in the property after assigning the same?
No, under Assignment, you will trasnfer all your rights in the subject matter in favour of the assignee.
I want to earn royalty payments through my intellectual property. Should I execute this Agreement?
No. In that case, you should execute Licensing Agreement.
Does this Agreement require to be stamped?
Yes.
The document has to be stamped according to relevant Stamp Duty Act (which is state specific).
Can I revoke the transfer afterwards?
No. You cannot revoke the transfer unless you include a provision to that effect in the IP Assignment Agreement.
Can an IP assignment agreement be terminated?
The termination of an IP assignment agreement depends on the terms outlined in the contract. In most cases, once the assignment has been executed and the IP rights have been transferred, the agreement cannot be easily terminated. However, the agreement may include provisions for termination under specific circumstances, such as a breach of contract or the failure to meet certain conditions. It's essential to carefully review and negotiate the termination clauses in an IP assignment agreement to protect your interests.
Does an IP assignment agreement transfer all rights associated with the IP?
The scope of rights transferred in an IP assignment agreement depends on the specific terms of the contract. In most cases, an assignment agreement transfers all ownership rights in the specified IP from the assignor to the assignee. However, the agreement may include certain limitations or reservations of rights, such as the assignor retaining a license to use the IP for specific purposes
What our users have to say
We were closing one company and opening another company; we were professionally advised by LegalKart expert that how to manage the precious IP we created in the older company. I really appreciate the effort and expertise at LegalKart. Very professional and Expert.
Rajeev, CEO, Logistics Startup, Pune
Efficient and Affordable.
Sambhav Sharma, Chandigarh
I am happy with the simplicity and price. Its very affordable and convenient. This is not an everyday agreement, so it is not easy to find someone locally to help you with it. Legalkart nailed it; kudos, team.
Prakash Singh, New Delhi
Our Clients
Intellectual Property Assignment Agreement
14563 People purchased
Startup Documents
Intellectual Property Assignment Agreement
₹3199
₹ 14999 (80% Off) ₹11800 SaveGross Total
₹3199
Deliverables *
Consultation call with the expert lawyer
IP Assignment Agreement Drafting
Customer feedback, review and Final Delivery.