Assignments

RT Coopers Solicitors have considerable experience in drafting and negotiating assignments of intellectual property rights.  An assignment is the outright transfer of your intellectual property rights (IPRs) to a third party or assignee. The first step as an assignor (the party transferring the IPRs) is to have some idea of the value of your IPRs. You need to know the value at which you are going to sell them.  If you intending to purchase IPRs, you should know what price you are going to pay for them.

It is usual practice to have the intention of the parties set out in well drafted Heads of Agreement or memorandum of understanding (MOU).  Once this is signed, the assignment can be drafted incorporating the terms and conditions of the Heads of Agreement or MOU.  There are situations where an assignee can negotiate royalties on an assignment of IPRs, this would depend on the deal and the value of the IPRs in question.

Services

·      Drafting Copyright, Trade Mark and Patent Assignments

·      Drafting and Negotiating Heads of Agreements

·      Reviewing Assignments

·      Negotiating Intellectual Property Assignments

Costs

We charge fixed costs for drafting standard assignments of IPRs. If you require us to draft an assignment or negotiate the sale of your business, please contact us at enquiries@rtcoopers.com.

Brochure and Other Information

A copy of our Intellectual Property Brochure

For a very informative article on assignments, see Assign or Licence: Intellectual Property Rights