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Assignments must be made in writing.

Using an IP assignment agreement, sellers surrender all ownership rights to the intellectual property and no longer have any say over how the IP is used. This gives the buyer complete control and ownership rights of the intellectual property involved.

A copyright assignment is the transfer of copyright ownership rights from one party to another. This transfer is not valid unless it is in writing and signed by the owner or its authorized agent. If you want to transfer a right on a non-exclusive basis, a written agreement is usually not required.

For instance, in the case of making a complete movie ? all the creative persons with their idea turned into relevant works come to a producer, assign their rights that subsist in their work in return for a royalty.

Ownership of copyright in a work comprises the exclusive right to do certain 'restricted acts' in respect of that work, and a copyright owner may authorise others to do those acts by licence. They may also transfer the ownership of their copyright to others. This is known as assignment.

Unlike a non-exclusive copyright transfer such as a licensing agreement, a copyright assignment is a form of exclusive copyright transfer. Copyright assignments could be made on part or on the entirety of an intellectual work.

A transfer of copyright ownership, other than by operation of law, is not valid unless an instrument of conveyance, or a note or memorandum of the transfer, is in writing and signed by the owner of the rights conveyed or such owner's duly authorized agent.

Procedure for Copyright Assignment Prepare the assignment agreement: The assignment agreement must be in writing and should specify the rights and obligations of both parties. Execute the agreement: The agreement must be executed by both parties in the presence of at least two witnesses.

A valid assignment of copyright must be in writing and signed by, or on behalf of, the copyright owner/assignor. The subject of the assignment must be clear as to what copyright is being assigned in which work(s).