Assignment of Rights in Computer Software - With Reservations
About this form
The Assignment of Rights in Computer Software - With Reservations form is a legal document that allows the assignor (the original owner) to assign the right to use proprietary software to an assignee (the user) while retaining ownership. This agreement is unique as it includes specific reservations that protect the assignorâs rights, ensuring that the software remains confidential and used only as permitted. This form differs from standard licensing agreements by focusing on transfer without transferring legal ownership.
Form components explained
- Identification of parties: Names and addresses of the assignor and assignee.
- Description of software: Detailed information about the proprietary software being assigned.
- Terms of use: Specific limitations and permitted uses of the software by the assignee.
- Payment terms: Schedule of payments and any penalties for late payments.
- Confidentiality clause: Obligations regarding the confidentiality of the software and related materials.
- Termination conditions: Provisions for how either party can terminate the agreement.
When to use this document
This form should be used when a business or individual wishes to grant another party the right to use their proprietary software while maintaining ownership and control over the software. Scenarios include partnering with another business for software development, providing software for internal use in a corporate environment, or any situation where software access needs to be shared without relinquishing rights.
Who can use this document
- Software developers assigning their proprietary software to clients or partners.
- Businesses looking to allow limited use of their software without full ownership transfer.
- Corporations needing to protect their intellectual property while allowing usage rights to employees or contractors.
- Individuals offering software access for specific projects or internal tasks.
Instructions for completing this form
- Identify the assignor and assignee: Fill in the legal names and addresses of both parties.
- Describe the software: Clearly specify the proprietary software being assigned.
- Outline the terms of usage: Include conditions under which the assignee may use the software.
- Detail payment terms: Clearly state the payment schedule and conditions for fees.
- Sign and date: Both parties must sign the form and note the date of agreement.
Notarization guidance
This form usually doesn’t need to be notarized. However, local laws or specific transactions may require it. Our online notarization service, powered by Notarize, lets you complete it remotely through a secure video session, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Avoid these common issues
- Failing to accurately describe the software being assigned, leading to potential misuse.
- Omitting key terms related to payment and fees, which can create disputes later.
- Not including a confidentiality clause, risking exposure of proprietary information.
- Neglecting to specify the duration of the agreement, which can lead to confusion about usage rights.
Why use this form online
- Convenient access to professionally drafted templates tailored for clarity and compliance.
- Immediate download options allow for quick implementation in business dealings.
- Editability ensures that users can customize terms that fit their specific needs.
- Reliable legal language helps protect rights and interests effectively.
