Information about IP assigment deeds
Once the assignment is complete, the original owner of the IP has no rights to the IP, and the new owner may take action against the original owner if the original owner continues to use the IP.
The consideration (payment) for the assignment may take the form of a one-off payment or an ongoing royalty system, although other payment methods may be agreed upon.
It is important to carefully consider the scope of the assignment and how any IP rights that may arise in the future are to be governed.
An assignment of IP may occur as part of a sale of a business, or if a business decides it no longer needs the use of the IP.
We strongly recommend consulting a legal professional to assist in the drafting of the IP agreement, particularly given its irrevocable nature. At Lawbase, we have experience in drafting comprehensive and customisable IP assignment deeds to suit the needs of any entity. Please contact us if you have any questions arising from an IP assignment.
Get in touch
Fill in the form below and one of our team will be in touch. You can also phone 1300 149 140 during standard business hours.
Related Legal Insights
Understanding the Advantages of a Non-Disclosure Agreement (NDA)
Non-Disclosure Agreements are an effective tool for safeguarding confidential information, in this article we cover everything you need to know about NDA's
Read more
Legal Insights for Effective Video Marketing in Australia
In this article we’ll delve into some key legal considerations for corporate video production in Australia.
Read more
The Chat Ts&Cs of ChatGPT
We assume that you’ve seen more ChatGPT articles than you’d care to read so we won’t go into detail about what it does. Instead we will go straight into the nuts and bolts of the terms under which it is used. What are the Ts & Cs of ChatGPT? The...
Read more
The legal implications of doing business in the metaverse
This month, together with our friends at Zannes Law, a Canadian law firm, we presented on the legal implications of doing business in the metaverse, held IN THE METAVERSE! What is the metaverse? The metaverse is a digital reality that incorporates elements of social media, digital assets, gaming, virtual reality...
Read more
The difference between a business name and a trademark
Business name registration isn’t a registered trademark Choosing a business name to build your brand is one of the most important decisions you’ll make when starting a business. There is a common misconception that registering your business name or purchasing a domain name gives you the same rights as a...
Read more
Copyright Essentials
Copyright essentials Copyright provides creators like artists and writers with legal ownership of the work they produce. This means they have some control over the work they create and allows them to make a living from their efforts. In this way, copyright provides an incentive to encourage the production of...
Read more
Social media and the workplace – employees take care
Social media and the workplace – employees take care We live in an age characterised by a rise in the use of social media – Twitter, Facebook, Instagram, LinkedIn, Snapchat and the like. With that rise has come a large increase in the number of cases involving employees making comments...
Read more
Copyright: 10 Frequently Asked Questions
Copyright: 10 Frequently Asked Questions If you are an artist, writer or business owner concerned about protecting copyright in your work, the answers to these frequently asked questions will provide you with some guidance as to how copyright law operates in Australia. Do I need to register for copyright protection?...
Read more
Trademarks in Australia
Trade Marks in Australia The advantage of registering a trade mark is that it confers far more benefits than registering a business name, company name or domain name. Marketing is an important business tool, and a registered trademark is crucial in allowing you to protect any value or credibility which...
Read more
Introduction to Intellectual Property for business
Introduction to Intellectual Property for business Intellectual property (IP) is the property of your mind or proprietary knowledge and can be an invention, a trade mark, a design or the practical application of your idea. It is important that you understand how to protect IP as it is a valuable...
Read more
Legal issues with images on social media
Legal issues with images on social media We now live in an age dominated by social media. Posting images on social media platforms is an effective and increasingly popular way to share, connect and do business. It’s tempting to be lulled into a false sense of security when posting images...
Read more
Breaching copyright using social media
Breaching copyright using social media The media has often reported that Foxtel was threatening to sue customers for the unauthorised ‘live streaming’ of much-anticipated boxing matches like the fight between veterans Danny Green and Anthony Mundine or Jeff Horn and Manny Pacquiao. The illegal copyright act involved the video streaming...
Read more