Illinois Domain Name and Related Rights Assignment Agreement

State:
Multi-State
Control #:
US-TC0614
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PDF; 
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Description

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.

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  • Preview Domain Name and Related Rights Assignment Agreement
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FAQ

Assigning is an irrevocable sale or transfer of your IP to another company or individual. Licensing allows you to transfer ownership of your IP under certain agreed-upon conditions and for a specific period of time.

Instead, ?intellectual property? is the ownership interest that a person or entity may have in creations of the human mind. Ownership of intellectual property means ownership of a concept or idea rather than ownership of a parcel of property or object.

An IP assignment is a transfer of ownership of an intellectual property right, such as a patent, trade mark or copyright, from one party (the assignor) to another party (the assignee). This infographic adds together the benefits, risks and the key elements of assignment agreements. Download Infographic.

An assignment is the legal transfer of ownership of any property such as a trademark or copyright from one owner to another. The transferee or "assignee" is the person who acquires ownership, and the transferor or "assignor" is the person who transfers ownership rights.

A deed of assignment can be done in one transaction, instead of one transaction for each item of intellectual property, by transferring all ownership rights of all intellectual property detailed in the deed. The document is signed by both the buyer and seller. No payment is required for it to be valid.

A domain name assignment is the transfer of an owner's property rights in each domain name or names. Domain name assignments both provide records of ownership and transfer and protect the rights of all parties.

An IP assignment is a transfer of ownership of an intellectual property right, such as a patent, trade mark or copyright, from one party (the assignor) to another party (the assignee). This infographic adds together the benefits, risks and the key elements of assignment agreements. Download Infographic.

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.

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Illinois Domain Name and Related Rights Assignment Agreement