A Kentucky Assignment of Rights in Computer Software — With Reservations is a legal document that outlines the transfer of intellectual property rights related to computer software from one party to another in the state of Kentucky, while reserving certain rights for the assignor. This legal agreement is commonly used when software developers or companies want to transfer ownership of their software but wish to retain certain rights or limitations. There are several types of Kentucky Assignment of Rights in Computer Software — With Reservations: 1. Limited Assignment: This type of assignment allows the assignee to use the software for specified purposes while granting limited rights to the assignor. The assignor may retain the right to continue using or developing the software for certain purposes or within specific geographic areas. 2. Non-Exclusive Assignment: In a non-exclusive assignment, the assignor grants the assignee the right to use the software, but retains the right to allow others to use it as well. This type of assignment enables the assignor to license the software to multiple parties simultaneously. 3. Assignment with Source Code Reservation: This type of assignment specifically reserves the ownership and rights to the source code of the software. The assignor may grant the assignee the right to use the software but maintains sole ownership of the underlying source code. 4. Assignment with License Reservation: In this type of assignment, the assignor transfers ownership of the software to the assignee but reserves the right to continue using the software under a license agreement. The license may include limitations on usage, modifications, or distribution. 5. Assignment with Royalty Reservation: This assignment allows the assignor to transfer ownership of the software and receive royalty payments in return. The assignee may then have the right to use, modify, sell, or distribute the software, while the assignor retains a financial interest in its success. It is important to note that Kentucky Assignment of Rights in Computer Software — With Reservations is a legally binding agreement and should be carefully drafted and reviewed by both parties involved. Additionally, seeking legal advice or professional assistance is recommended to ensure that the terms of the assignment are clearly outlined and protect the interests of both parties.
Kentucky Assignment of Rights in Computer Software - With Reservations
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