Assignment of Rights Agreement Example

If you`re a writer or a creative individual looking to monetize your work, it`s important to understand the concept of an assignment of rights agreement. This legal document is an agreement between the creator of a work and the person or entity who will be taking ownership of the work. This could be a publisher, filmmaker, or any other party who wishes to use the work for commercial or non-commercial purposes.

An assignment of rights agreement is essential for protecting your intellectual property and ensuring that you receive proper compensation for your work. This document clearly outlines the specific rights that are being transferred to the new owner, such as the right to reproduce, display, or distribute the work in various media formats.

Here is an example of an assignment of rights agreement template that you can use to draft your own agreement:

[Title of Work]

Assignment of Rights Agreement

[Date]

THIS ASSIGNMENT OF RIGHTS AGREEMENT (“Agreement”) is made as of the date set forth above by and between [Creator’s Name], an individual residing at [Address] (“Creator”), and [Assignee’s Name], a [Type of Entity] residing at [Address] (“Assignee”).

WHEREAS, Creator owns all right, title and interest in and to certain [Type of Work] entitled [Title of Work] (the “Work”), which has been or is about to be created by Creator; and

WHEREAS, Assignee desires to obtain from Creator all rights, title and interest in and to the Work.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Creator hereby assigns, transfers and conveys to Assignee all of Creator’s right, title, and interest in and to the Work, including, without limitation, any and all copyrights, moral rights, and any other intellectual property rights.

Creator acknowledges and agrees that Assignee shall have the sole right to use, reproduce, distribute, display and perform the Work in any media now known or hereafter developed, and that Assignee may sublicense such rights to third parties as it deems appropriate. Creator further acknowledges and agrees that Assignee shall be the sole owner of any and all income, royalties, proceeds and benefits accruing from the Work.

If any portion of this Agreement is found to be invalid or unenforceable, the remaining portions shall remain in full force and effect. This Agreement may not be amended or waived except in writing and signed by both parties.

This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, administrators, successors, and assigns.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

____________________________

[Creator’s Name]

____________________________

[Assignee’s Name]

As you can see, the assignment of rights agreement is a vital document for protecting your work and ensuring that you receive proper compensation for your creations. Keep in mind that this template is just an example, and your agreement should be tailored to your specific situation and needs. It`s always a good idea to consult with a legal professional before signing any legal documents to ensure that you fully understand the terms and conditions.