Intellectual Property Assignment Agreement

Intellectual Property Assignment Agreement

Assignor (current owner): [Name / Company], based at [Address] Assignee (new owner): [Name / Company], based at [Address] Date: [Date]

1. What is being assigned

Assignor assigns to Assignee all of its right, title, and interest — worldwide and forever — in the following work (the "Work"):

[Describe it precisely. Examples: "All source code, designs, and documentation for the mobile application known as [App Name], as delivered to Assignee on [date]" / "The logo designs and brand assets listed in Exhibit A."]

This assignment includes all intellectual property rights in the Work: copyrights, patent rights, trademark rights in the deliverables, trade secrets, and the right to sue for past infringement.

2. What is paid for it

Assignee pays Assignor $[Amount] [or: "the consideration described in the agreement dated [Date], receipt of which Assignor acknowledges"]. The assignment takes effect when payment is received.

3. What is NOT assigned

Assignor keeps ownership of the pre-existing tools, libraries, and generic know-how listed below, and grants Assignee a permanent, irrevocable, royalty-free license to use them as embedded in the Work:

[List, or write "None."]

Open-source components in the Work remain under their own licenses; Assignor has listed them and their licenses in Exhibit B [or "There are none"].

4. Assignor's promises

Assignor confirms that:

• it actually owns the Work and has the right to assign it;
• the Work is original to Assignor (except for items disclosed in Section 3);
• the Work doesn't knowingly infringe anyone else's rights;
• there are no liens, licenses, or claims on the Work except as disclosed here; and
• no one else (employee, contractor, co-founder) has unreleased rights in the Work.