The term Assignor is used to describe an individual or party that is transferring a right that they hold to another party. For example, a party to a contract (the Assignor) may, as a general rule and subject to the express terms of a contract, assign their rights under the contract to a third party (the "Assignee") without the consent of the party against whom those rights are held. It is important to note that obligations cannot be transferred to a third party except by Novation. Common legal documents that use the term "Assignor" include agreements to assign intellectual property, leases, loans, and commercial contracts.
This IP assignment is intended to be used where a company (the assignor) wishes to assign intellectual property rights in works it has created to the assignee. Amendments would be required if the Assignor is an individual. See also separate IP Assignment (Founders) template for initial founder IP assignments. This assignment can be in reference to a previous agreement, for example a consultancy or contractor agreement, whereby you subsequently want to assign the IP of the work. This document is executed as a deed to ensure it is legally binding.
This sort of assignment might be used, for example, where a Sponsor and an academic, institution or industrial partner have reached an agreement under Lambert Model Agreement 3, where the collaborator may negotiate for an assignment of some Institution IP.
This Assignment is based on the assumption that the Assignee will pay a one off sum for the assignment of the Patent, but the parties may agree revenue sharing or other payment terms.
This sort of assignment might be used, for example, where a Sponsor and an academic, institution or industrial partner have reached an agreement under Lambert Model Agreement 3, where the collaborator may negotiate for an assignment of some Institution IP.
This Assignment is based on the assumption that the Assignee will pay a one off sum for the assignment of the Patent, but the parties may agree revenue sharing or other payment terms.
This IP assignment is intended to be used where a company (the assignor) wishes to assign intellectual property rights in works it has created to the assignee. Amendments would be required if the Assignor is an individual. See also separate IP Assignment (Founders) template for initial founder IP assignments. This assignment can be in reference to a previous agreement, for example a consultancy or contractor agreement, whereby you subsequently want to assign the IP of the work. This document is executed as a deed to ensure it is legally binding.
