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The Assignment And License Of Copyright agreement is a sophisticated legal instrument used when parties wish to transfer copyright ownership while maintaining certain usage rights through licensing arrangements. This document is particularly relevant in Hong Kong's dynamic creative and technology sectors, where intellectual property transfers often require flexible arrangements. It complies with Hong Kong's Copyright Ordinance (Cap. 528) and addresses various aspects including ownership transfer, licensing terms, territorial restrictions, and commercial terms. The agreement is commonly used in scenarios such as company acquisitions, content creation projects, software development, and publishing deals where the original creator needs to retain certain rights while transferring primary ownership. It includes comprehensive provisions for protecting both parties' interests, ensuring clear delineation of rights, and establishing framework for any ongoing commercial relationship.
