An Assignment Agreement is a legal contract that outlines the relationship between the original owner (the “assignor”) who transfers the ownership of their IP to a new owner (the “assignee”) while a Licensing Agreement is a legal document that will govern the relationship between the property owner (the “licensor”) who gives permission to the other party (the “licensee”) to use their brand, patent, trademark or other IP for a specific period of time.
What are the differences between assignment agreements and licensing agreements?
This table includes a few clauses that should be included in a comprehensive licensing and assignment agreement. Agreements typically vary on a case to case basis and are subject to review.
differences between assignment agreements and licensing agreements
From the above analysis it is clear that licensing allows for the use of IP while retaining ownership, whereas assignment involves the complete transfer of ownership rights from one party to another. Each mechanism serves different strategic business purposes and should be carefully considered in the context of IP management.
At CM Advocates LLP, we have an experienced team of lawyers who can offer you legal assistance in drafting, developing and reviewing your License and Assignment Agreements for your business. Please contact us for our services at law@cmadvocates.com for more information on our services.
Author
Sandra Chesanai - Associate
Disclaimer
This article is for informational purposes only and should not be construed as legal advice.