The Assignment Of License Agreement is a crucial document used when a licensee needs to transfer their licensed rights to another party under South African law. This typically occurs during business restructuring, mergers and acquisitions, or strategic business decisions where licensed intellectual property or other rights need to be reassigned. The document ensures a smooth transition of rights while maintaining the original license's integrity and securing the licensor's interests. It must comply with South African intellectual property laws, including the Copyright Act 98 of 1978, Patents Act 57 of 1978, and Trade Marks Act 194 of 1993, as well as general contract law principles. The agreement covers key aspects such as assignment terms, warranties, representations, and continuing obligations, making it essential for businesses dealing with intellectual property and licensed rights in South Africa.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies all parties: the Assignor (current licensee), Assignee (new licensee), and Licensor
2. Background: Describes the existing license agreement, its key terms, and the intention to assign
3. Definitions: Defines key terms used throughout the agreement, including references to the original license agreement
4. Assignment: Core provision detailing the assignment of rights and obligations from Assignor to Assignee
5. Consent: Formal consent from the Licensor for the assignment
6. Effective Date: Specifies when the assignment takes effect
7. Consideration: Details of any payment or consideration for the assignment
8. Warranties and Representations: Warranties from all parties regarding their authority, the license status, and no breaches
9. Release: Release of the Assignor from future obligations under the license agreement
10. Continuing Obligations: Specifies any obligations that survive the assignment
11. Governing Law: Confirms South African law as governing law
12. Dispute Resolution: Mechanism for resolving disputes under South African jurisdiction
1. Employee and Support Provisions: Used when the license involves technical support or key employees who need to transition
2. Intellectual Property Registration: Required when the license involves registered IP rights that need formal recording of the assignment
3. Third Party Consents: Include when additional third-party approvals are needed beyond the licensor
4. Special Indemnities: Used when specific risks need special indemnification beyond standard warranties
5. Transition Services: Required when the Assignor needs to provide temporary support to the Assignee
6. Competition Law Compliance: Include when the assignment might have competition law implications
7. Confidentiality: Optional if the original agreement's confidentiality provisions are sufficient
1. Original License Agreement: Copy of the complete license agreement being assigned
2. Assigned Rights: Detailed list of all rights, assets, and obligations being transferred
3. Payment Schedule: If applicable, details of any payment terms for the assignment
4. Required Consents: List of all required third-party consents and their status
5. Intellectual Property Register: Schedule of all IP rights covered by the license
6. Transition Plan: If applicable, detailed plan for transitioning the license to the Assignee
Find the exact document you need
Assignment Of License Agreement
A South African law-compliant agreement for transferring license rights from an existing licensee to a new licensee, with licensor consent.
Download
Assignment Of Loan Agreement
A South African law-governed agreement transferring rights and obligations under an existing loan from the original lender to a new lender, ensuring regulatory compliance and proper transfer of interests.
Download
Assignation Agreement
A South African law-governed agreement that transfers rights, obligations, or property from an Assignor to an Assignee.
Download
Prior Inventions Employment Agreement
A South African law-compliant agreement documenting and protecting employee's pre-existing intellectual property rights and inventions created before current employment.
Download
Invention Assignment Agreement
A South African law-governed agreement transferring invention rights from inventor to assignee, ensuring comprehensive protection of intellectual property rights and compliance with local regulations.
Download
International Assignment Agreement
A South African law-governed agreement setting out terms and conditions for international employee assignments, ensuring compliance with local employment and immigration requirements.
Download
Collateral Assignment
A South African law-governed security agreement that assigns specific assets or rights as collateral to secure an underlying obligation.
Download
Assignment Of Sublease
A South African law-compliant document transferring sublease rights and obligations from an existing subtenant to a new subtenant.
Download
Assignment Of Security Agreement
A South African law-governed document that transfers rights and obligations under an existing security agreement from an assignor to an assignee, maintaining the security interest's enforceability.
Download
Assignment Of Debt Agreement
A South African law-governed agreement that transfers debt rights from one creditor to another, including terms, conditions, and compliance requirements.
Download
Short Form Copyright Assignment
A concise South African law-compliant agreement for transferring copyright ownership from one party to another.
Download
Assignment Of Lease By Landlord
A South African legal document facilitating the transfer of landlord rights and obligations under an existing lease agreement to a new landlord.
Download
Transfer Of Copyright Agreement
A South African law-compliant agreement for transferring full copyright ownership from one party to another, governed by the Copyright Act 98 of 1978.
Download
Lease Assignment Agreement
A South African law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord's consent.
Download
Copyright Transfer Agreement
A South African law-compliant agreement for transferring copyright ownership from one party to another, governed by the Copyright Act 98 of 1978.
Download
Assignment Contract
A legal document governed by South African law that transfers rights, property, or obligations from an assignor to an assignee.
Download
Transfer Of Lease Agreement To New Landlord
A South African legal document facilitating the transfer of landlord rights and obligations under an existing lease agreement to a new landlord.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)