Intellectual Property Assignment (Simple): Summary

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An intellectual property (IP) assignment transfers ownership of intellectual property from one party (called the assignor) to another (called the assignee). IP assignments may also be called "rights agreements" or "intellectual property transfer agreements," among other names.

This particular IP assignment is for transferring ownership of intellectual property where both parties understand the nature and the value of the IP to be transferred. If those conditions are not met, you should consult a lawyer – this is especially important if you're the party transferring ownership (i.e., the assignor).

This agreement form is basic and does not cover many important issues that may need to be addressed in certain circumstances. Review the guidelines for use for an overview of

• general considerations for intellectual property (IP) assignments, and
• factors for you to consider in deciding whether this form is suitable for your needs.

Important: LexPublica can't choose a contract form for you or give you legal advice (see our Terms of Service). No single IP assignment is appropriate for all circumstances. If you're not sure about what you need, you should consult a lawyer in your jurisdiction. You should also consult a lawyer if you need to customize this form for your individual circumstances.

Complexity of contract (scale of 1 to 4)
1/4 (this contract form is basic)

Version 1.0
Date of last revision: 15 Dec 2009 at 15:17 PT