Assignment And License Of Copyright Template for Philippines

The Assignment And License Of Copyright agreement is essential for transactions involving intellectual property rights in the Philippines. It serves dual purposes: transferring copyright ownership from one party to another while simultaneously establishing specific licensing terms for ongoing use of the works. This document is commonly used in business acquisitions, content creation projects, software development, and creative collaborations where intellectual property rights need to be transferred while maintaining certain usage rights for the original creator or third parties. The agreement must comply with the Philippine Intellectual Property Code (RA 8293) and address both economic and moral rights. It's particularly relevant when companies acquire creative works but want to grant back certain usage rights to the original creators, or when organizations need to establish clear ownership while maintaining flexible usage arrangements. The document typically includes detailed descriptions of the works being transferred, consideration terms, scope of the license, and territory restrictions.

1. Parties: Identification of the Assignor/Licensor and Assignee/Licensee with complete legal names and addresses

2. Background: Context of the agreement, relationship between parties, and brief description of the copyrighted works involved

3. Definitions: Definitions of key terms used throughout the agreement, including 'Works', 'Intellectual Property Rights', 'Territory', etc.

4. Assignment of Rights: Express assignment of copyright ownership, including all economic rights under Philippine law

5. License Grant: Specific terms of any license being granted, including scope, territory, and duration

6. Moral Rights: Treatment of moral rights as required under Philippine law, including attribution and integrity rights

7. Warranties and Representations: Assignor's/Licensor's warranties regarding ownership, right to assign/license, non-infringement, etc.

8. Consideration: Details of payment or other consideration for the assignment/license

9. Registration and Recordal: Obligations regarding registration of the assignment/license with the Intellectual Property Office of the Philippines

10. Further Assurances: Parties' obligations to execute additional documents and take necessary steps to effect the assignment/license

11. Governing Law and Jurisdiction: Specification of Philippine law as governing law and jurisdiction for disputes