A Deed of Assignment, also known as a Rights Agreement or IP Transfer Agreement, is a contractual agreement used to transfer ownership of specific intellectual property from one party to another. This is a permanent transfer and the assignor won’t have any more rights to its intellectual property. We recommend obtaining legal advice when drawing up a deed of assignment.
How is IP Assignment different from IP Licensing?
If you’re the owner of the IP, you are the licensor and have the right to licence your IP to a licensee. IP Licensing ensures that the ownership remains with the licensor. However, IP Assignment is an irrevocable and permanent transfer of IP.
Who are the parties to a Deed of Assignment?
The party transferring the interest is known as the assignor. The party receiving the interest over the intellectual property is known as the assignee.
What can be transferred in a Deed of Assignment of IP?
This may include: domain name rights, trademark rights, patent rights, an invention, a business name, copyright and source code.