This document is a domain name assignment agreement. The buyer is seeking to acquire the seller's domain name, complete with all related rights and privileges, trademarks, and other intellectual property.
Hawaii Domain Name and Related Rights Assignment Agreement
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Multi-State
Control #:
US-TC0614
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How to fill out Domain Name And Related Rights Assignment Agreement?
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FAQ
Assignment refers to the transfer of some or all property rights and obligations associated with an asset, property, contract, etc. to another entity through a written agreement. For example, a payee assigns rights for collecting note payments to a bank.
??An assignment of rights agreement is a written document in which one party, the assignor, assigns to another party all or part of their rights under an existing contract. The most common example of this would be when someone wants to sell their shares of stock in a company.
For example, 'A' gets a contract to cut the grass from 'B's garden. 'A' might delegate the work to 'C' without actually assigning the contract to him. But 'A' will still control the work and receive the payment.
The key difference between a license and an assignment is that an assignment transfers rights away from the original copyright or patent holder. Whereas the licensor retains ownership of the intellectual property rights, the assignor gives up the rights entirely.
In particular, a licensee's rights are generally not assignable unless the license agreement expressly permits assignment or the licensor otherwise consents. on its PLC Intellectual Property & Technology web services at .
There are two types of assignment: contract assignment and assignment of rights. Contract assignment is when the assignor assigns the rights, responsibilities and obligations of a contract to the assignee. Assignment of rights is when the assignor only transfers the rights of the contract to the assignee.
For example, if A contracts with B to teach B guitar for $50, A can assign this contract to C. That is, this assignment is both: (1) an assignment of A's rights under the contract to the $50; and (2) a delegation of A's duty to teach guitar to C.