Deed of Assignment
Deed of Assignment
Prepared By: [Your Name]
I. Introduction
This Deed of Assignment (hereinafter referred to as "Deed") is made on this 6th day of September 2050, by and between:
Assignor:
[Your Company Name]
[Your Company Address]
[Your Company Number]
Email: [Your Company Email]
Assignee:
Innovate Solutions Inc.
456 Progress Avenue, Suite 789, Tech City, TX 75002
222 555 7777
Email: contact@innovatesolutions.com
Hereinafter collectively referred to as the "Parties."
II. Recitals
WHEREAS, [Your Company Name] is the sole and exclusive owner of the intellectual property rights as detailed in this Deed; and
WHEREAS, Innovate Solutions Inc. desires to acquire the rights, title, and interest in the said intellectual property;
NOW, THEREFORE, for and in consideration of the mutual covenants and promises contained herein, the Parties agree as follows:
III. Description of Intellectual Property
The intellectual property being assigned under this Deed includes the following:
|
Intellectual Property |
Description |
Registration Number |
Date of Registration |
|---|---|---|---|
|
Patent |
A groundbreaking technology for data encryption |
US Patent No. 12345678 |
January 15, 2045 |
|
Trademark |
Logo and brand name for SecureTech Solutions |
TM Registration No. 87654321 |
February 22, 2045 |
|
Copyright |
Software code for SecureTech Encryption Suite |
US Copyright No. 54321678 |
March 10, 2045 |
IV. Transfer of Rights
The Assignor, [Your Company Name], hereby transfers, assigns, and conveys to the Assignee, Innovate Solutions Inc., all rights, title, and interest in and to the intellectual property described above, including but not limited to:
-
Exclusive Rights: All exclusive rights granted under applicable laws related to the intellectual property.
-
Licensing Rights: The right to license, sublicense, and assign intellectual property.
-
Enforcement Rights: The right to enforce and protect intellectual property against infringement or unauthorized use.
V. Representations and Warranties
The Assignor represents and warrants that:
-
Ownership: It is the sole and exclusive owner of the intellectual property and has the full right and authority to assign it.
-
No Encumbrances: The intellectual property is free from any liens, encumbrances, or claims by third parties.
-
No Conflict: The execution of this Deed does not conflict with any agreement or obligation to which the Assignor is a party.
VI. Consideration
In consideration of the transfer of rights, the Assignee agrees to pay the Assignor a sum of $1,000,000. Payment details are as follows:
|
Payment Method |
Amount |
Due Date |
|---|---|---|
|
Bank Transfer |
$500,000 |
September 15, 2050 |
|
Check |
$500,000 |
September 30, 2050 |
VII. Governing Law
This Deed shall be governed by and construed in accordance with the laws of the State of Texas, and the parties hereby submit to the exclusive jurisdiction of the courts of Texas.
VIII. Execution
IN WITNESS WHEREOF, the Parties hereto have executed this Deed of Assignment as of the day and year first above written.
Assignor:
[Your Company Name]
Assignor: [Your Name]
Title: CEO
Assignee:
Innovate Solutions Inc.
Assignee: Jessica Taylor
Title: President
IX. Miscellaneous
-
Amendments: Any amendments or modifications to this Deed must be made in writing and signed by both Parties.
-
Severability: If any provision of this Deed is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
-
Entire Agreement: This Deed constitutes the entire agreement between the Parties concerning the subject matter hereof and supersedes all prior agreements and understandings.
This Deed of Assignment is executed in duplicate, with each copy being an original.
