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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 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.
The Licensing Agreement is between the licensor and licensee while the Assignment deed is between the assignor and the assignee. Any IPR can be licensed for eg. Copyright, trademark, design, or patents. Copyrights, trademarks, geographical indications, patents rights and designs, etc.
A copyright assignment is the transfer of an owner's property rights in a given creative work or works. Such transfers may occur on their own or as parts of larger asset sales or purchases. Copyright assignment agreements both provide records of ownership and transfer and protect the rights of all parties.
The assignment must be done in writing to be valid. Although notarization isn't required, it's a good idea to have someone witness the assignor and assignee signing and dating the agreement. Transfer of ownership usually involves monetary exchange, although that's not a requirement.
While copyright law does require assignments to be in writing and signed, it generally doesn't mandate notarization for validity.
The owner of the copyright of a work has the right to assign his copyright to any other person. The effect of assignment is that the assignee becomes entitled to all the rights related to the copyright to the assigned work2.
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. These works are then summed up to form a complete movie.