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.
Texas 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
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.
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 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.
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.
A domain name assignment is the transfer of an owner's property rights in a given domain name or names. Such transfers may occur on their own or as parts of larger asset sales or purchases. Domain name assignments both provide records of ownership and transfer and protect the rights of all parties.
The agreement should include a provision ensuring the domain name does not infringe on any existing trademarks. This is important to avoid any future legal disputes or infringement claims. Provisions: The agreement should also include provisions for the transfer of any associated intellectual property rights.
What is an Assignment Of Rights Agreement? ??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.
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.