Intellectual Property Assignments
Tackle your intellectual property without the complications
An intellectual property assignment will help you smoothly transfer the ownership rights of any intellectual property. This can include copyright, trade marks, patents, trade secrets or other intangible creations, along with any goodwill attached to the use of the relevant rights built up during the course of trade.
An intellectual property assignment will provide a record of ownership and transfer (to avoid any potential disputes) and can protect the rights of anyone involved in buying, selling or creating intellectual property. It can include warranties from the seller to the buyer, contractually guaranteeing that the seller has the necessary rights to make the transfer – protecting the buyer should there be any future disputes around ownership or infringement.
When intellectual property assignments are needed
Starting a new business
In the early days, it’s likely that a lot of intellectual property will be created for a business, including by its founders. It’s essential, particularly with an eye to future investment in, or sale of, the company, that you make sure that anything created belongs to the company in question.
Buying brand or product rights
If you’re looking to purchase intellectual property rights owned by another person or company (such as a registered trade mark, or a product design or patent), you need to ensure you obtain all the required rights, and that these rights are accompanied by appropriate warranties and indemnities to protect your investment.
Purchasing a company
When purchasing or selling some or all of a business, you will need to ensure the transfer of ownership of all relevant intellectual property to the new owner.
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