Intellectual Property Assignment Agreement
(Acquisition Transaction)


Summary

This form intellectual property assignment agreement contemplates the transfer to the buyer of all of the intellectual property used by the seller in the target business. This form includes practical guidance and drafting notes.In addition to the general transfer of assets provided for in the acquisition agreement, a separate assignment agreement such as this is often required to effect the transfer of intellectual property. Such separate assignment agreement is typically used to file the transfer of intellectual property registered with the U.S. Patent and Trademark Office and the U.S. Copyright Office. This form does not provide for any rights of the seller to retain an interest in or use the transferred intellectual property. If the seller will continue to use the intellectual property after consummation of the sale of the division, the parties can provide for either joint ownership or, more commonly, licensing of the intellectual property. In the latter scenario, ownership of the ...