Oklahoma Assignment of Rights in Computer Software - With Reservations

• Category: Technology - Software - Assignment
• State: Multi-State
• Control #: US-02841BG
• Format: Word; Rich Text

Description

In this agreement, assignor assigns assignee the right to use assignor's software which is owned by assignor.

Oklahoma Assignment of Rights in Computer Software — With Reservations is a legal document that outlines the transfer of ownership rights of computer software from one party to another in the state of Oklahoma. This type of assignment typically includes certain reservations or limitations on those rights. In Oklahoma, there are different types of Assignment of Rights in Computer Software — With Reservations that can be used based on the specific needs and circumstances of the parties involved. These may include: 1. Exclusive Rights Assignment: This type of assignment grants the transferee exclusive rights to use, modify, distribute, and sell the computer software, subject to any reservations specified in the agreement. The transferor retains limited reservation rights, such as the right to continue using the software for their own use. 2. Non-Exclusive Rights Assignment: With this type of assignment, the transferor grants non-exclusive rights to the transferee, allowing them to use the software while still retaining the right to use it themselves or give others similar rights. 3. Partial Rights Assignment: This form of assignment involves transferring only specific rights of the computer software, rather than the entire ownership. For example, the transferor might assign the right to modify and distribute the software, while retaining the right to exclusively sell it. 4. Time-Limited Assignment: In certain cases, an Assignment of Rights in Computer Software — With Reservations may be time-limited. This means that the transfer of rights is valid only for a specific duration or until a certain event occurs. After that, the rights may revert to the transferor. The reservations or limitations specified in such assignments can vary based on the parties' agreements. Common reservations may include provisions related to territorial restrictions, sublicensing, royalties, intellectual property rights, assignment rights, and dispute resolution. It is crucial for both the transferor (original rights' holder) and the transferee (recipient of the rights) to clearly state their intentions and understand the terms and conditions mentioned in the Oklahoma Assignment of Rights in Computer Software — With Reservations. Seeking professional legal advice is highly recommended ensuring that the document meets the specific requirements and properly safeguards the interests of all parties involved. In conclusion, Oklahoma Assignment of Rights in Computer Software — With Reservations is a legal agreement that enables the transfer of ownership rights of computer software while incorporating specific limitations or reservations. Different types of assignments exist, such as exclusive or non-exclusive rights, partial rights, and time-limited assignments, each serving distinct purposes based on the parties' needs and preferences.