Intellectual Property Assignment Agreement (Drafting)
IPR ASSIGNMENT AGREEMENT
In the era of commerce and trade intellectual property plays major role. Intellectual property includes industrial designs, Copyright, Patent, Trademark. One of the most important challenges for businesses today is to remain profitable in a global economy. Increasingly, globalization dictates that companies must consider international markets and how best to leverage off the opportunities that emerging markets offer. With new opportunities come age old risks of how best to protect IPR whilst making the most of the existing brand reputation and good will.
FEATURES OF IPR ASSIGNMENT AGREEMENT
1. ROYALTY : Royalty amount received from assignee is one of the best source of income from intellectual property assignment.
2. COMPETITION IN BUSINESS : IPR assignment agreements are useful to assignor as well as assignee with the help of intellectual property like trademark and patent one can start and develop new business in the competitive business.
3. TRUST OF CUSTOMER : Due to the intellectual property the customer can easily distinguish the similar kind of goods. Intellectual property is the best tool to for attraction of customer.