IP Assignment Agreements

An IP Assignment Agreement is a document that sells or assigns an asset to a third party. There are generally similar to licensing agreements except that the Assignor is selling their entire rights to the IP to another party. These documents are necessary to move the ownership of a patent or trade mark to another person. 

In these documents, the ownership is actually moved to a new party.

Often Assignment Agreements are integrated into employment contracts or consulting agreements. Alder IP can work with you to develop a suitable assignment agreement for your needs.We are particularly experienced with patent, know-how and trademark assignment agreements. For assignment agreements to be valid in Australia, they must be in writing and recorded with IP Australia (in the case of registered rights such as designs, trade marks or patents).

Most Assignment Agreements include Consideration. Consideration is a legal term that essentially allows both parties to receive something out of the trade. The minimum Consideration can in some cases be as little as one dollar.