Free Copyright Transfer Agreement Template
Copyright Transfer Agreement
This Copyright Transfer Agreement ("Agreement") is entered into on the 20th day of January 2050, by and between [Your Name], hereinafter referred to as the "Transferor", and [Transferee Name], hereinafter referred to as the "Transferee".
1. TERMS OF TRANSFER
1.1 The Transferor hereby provides the Transferee exclusive rights, title, and interest in the copyrighted work including all rights to reproduce, distribute, and sell the aforementioned work.
1.2 The Transferor declares that they are the sole and legal owner of the copyrighted work and have full authority to transfer the copyright.
1.3 Furthermore, the Transferor warrants that there are no existing agreements or encumbrances that would prevent the full transfer of copyright to the Transferee.
1.4 The Transferor agrees not to engage in any actions that would impair the rights granted to the Transferee under this Agreement.
2. DESCRIPTION OF THE COPYRIGHTED WORK
2.1 The copyrighted work subject to this Agreement is described as follows: The literary work titled [Title]. This may include but is not limited to literary works, artistic creations, musical compositions, software programs, or any other original creation eligible for copyright protection.
2.2 If applicable, the Copyright Registration Number(s) associated with the copyrighted work are as follows: [Registration Number(s)]. This information serves as a reference for the Transferee to validate the transfer of copyright.
2.3 The Transferee shall have the exclusive right to reproduce, distribute, publicly display, publicly perform, and create derivative works based upon the copyrighted work(s) in any medium now known or hereafter devised. This exclusive right encompasses all forms of exploitation of the copyrighted work.
3. MONETARY CONSIDERATION
In consideration for the transfer of copyright, the Transferee agrees to pay the Transferor the sum of [Amount] upon execution of this Agreement. This monetary consideration reflects the value attributed to the transfer of exclusive rights to the copyrighted work.
The payment shall be made via wire transfer to the following bank account within 10 business days of the execution of this Agreement:
Bank Name: [Bank Name]
Account Name: [Account Name]
Account Number: [Account Number]
Upon receipt of the payment, the Transferor acknowledges the full and final transfer of copyright to the Transferee, and the Transferee shall have the exclusive rights as outlined in this Agreement.
4. INDEMNIFICATION
4.1 The Transferor shall indemnify and hold harmless the Transferee against all claims, damages, liabilities, costs, or expenses triggered by any breach of the warranties outlined in this Agreement. This indemnification obligation shall survive the termination of this Agreement.
4.2 The Transferor warrants that they have the full right and authority to transfer the copyright as provided herein and that the copyrighted work does not infringe upon the intellectual property rights of any third party. Any breach of these warranties shall entitle the Transferee to seek damages and legal remedies as provided by law.
4.3 Both parties agree to promptly notify each other in writing of any claims or actions brought against them related to the copyrighted work and to cooperate fully in the defense or settlement of such claims.
5. CONFIDENTIALITY
5.1 Both parties agree to keep all the terms and conditions of this Agreement in strict confidence and not to disclose any information related to this Agreement to any third party without the prior written consent of the other party. This includes but is not limited to the terms of transfer, monetary consideration, and any other proprietary information exchanged during the negotiation and execution of this Agreement.
5.2 Furthermore, both parties agree to take all reasonable precautions to prevent unauthorized disclosure of confidential information, including implementing appropriate security measures and restricting access to confidential information to only those who have a legitimate need to know.
5.3 Suppose either party is required by law to disclose confidential information. In that case, they shall provide prompt notice to the other party to allow for appropriate action to protect the confidentiality of the information to the extent possible under the law.
6. TERMINATION CONDITIONS
6.1 This Agreement shall terminate upon the completion of the copyright transfer and the fulfillment of all obligations outlined herein.
6.2 Termination shall not affect any rights or obligations accrued before the termination date.
6.3 In the event of termination, both parties shall cooperate in good faith to effectuate the transfer of copyright and to ensure a smooth transition of rights back to the Transferor or as otherwise agreed upon by both parties.
7. DISPUTE RESOLUTION
7.1 Any disputes arising out of or relating to this Agreement shall be resolved through arbitration per the rules of the American Arbitration Association.
7.2 The decision of the arbitrator shall be final and binding upon both parties, and judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction thereof.
8. GOVERNING LAW
This Agreement shall be governed by and construed by the laws of the [Jurisdiction]. Any legal action or proceeding arising out of or relating to this Agreement shall be brought exclusively in the courts of [Jurisdiction].
9. SIGNATURES
IN WITNESS WHEREOF, the parties hereto have executed this Copyright Transfer Agreement as of the date first above written.
[Your Name]
Transferor
[Date Signed]
[Transferee Name]
Transferee
[Date Signed]
