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.
Maryland Domain Name and Related Rights Assignment Agreement
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State:
Multi-State
Control #:
US-TC0614
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Word;
PDF;
Rich Text
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How to fill out Domain Name And Related Rights Assignment Agreement?
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FAQ
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.
Copyright assignment contract When assigning your copyright, the other party should provide some amount of consideration. Contracts usually include the language ?for other good and valuable consideration," and courts have held that even one dollar is acceptable.
It is necessary to use a written agreement for an assignment of certain types of IP (such as copyright) to be effective. Further, it is important to ensure that the agreement is an enforceable contract. For the contract to be enforceable there must be some form of consideration paid in exchange for the IP.
A domain name transfer agreement is an agreement between the assignor/licensor and assignee/licensee to transfer the domain name of a website from the assignor/licensor to the assignee/licensee as the case may be.
The assignor must receive consideration for the agreement, otherwise the assignment will be ineffective. However, an absolute assignment does not require consideration to be given.