An assignment amounts to the outright conveyance, sale and transfer of the intellectual property interest and title in the specific intellectual property rights. Once intellectual property rights are assigned, the assignee (which is equivalent to the purchaser) owns all the interest and title in the assigned intellectual property rights, subject to any restrictions that may be expressly provided for in the assignment agreement. However, the assignment may be subject to certain restrictions limiting the scope of intellectual property rights that are being transferred to the assignee.

In contrast to an assignment, a licence of intellectual property rights is a contractual permission given by the owner of the intellectual property rights (i.e., the licensor) to another party (i.e., the licensee) to use/exploit the intellectual property rights in a manner that the owner would otherwise have the legal right to prevent. In the case of a mere licence, there is no transfer of any property interest or title in the intellectual property rights from the licensor to the licensee.

At ABASAN, we are able to provide the support and assistance to consider all factors whether it is an acquisition or a sale of the IP right. Such support includes, but is not limited to IP due diligence and IP valuation for the determination of royalties.