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Assignment And License Of Copyright Template for Malaysia

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Key Requirements PROMPT example:

Assignment And License Of Copyright

"I need an Assignment and License of Copyright agreement for transferring ownership of our proprietary software code to a Malaysian tech company, while retaining a license to use it in our existing products until January 2025."

Document background
The Assignment And License Of Copyright agreement is essential in transactions involving intellectual property rights under Malaysian law. It is particularly useful when a party wishes to transfer ownership of copyright while maintaining certain licensing arrangements, commonly seen in creative industries, technology sector, and business acquisitions. The document combines elements of permanent transfer with specific licensing terms, governed by the Malaysian Copyright Act 1987 and Contracts Act 1950. It typically includes detailed descriptions of the copyrighted works, transfer terms, licensing conditions, territorial scope, and usage rights. This type of agreement is crucial for businesses engaging in intellectual property transactions in Malaysia, ensuring clear ownership rights while establishing specific terms for ongoing use of the copyrighted materials.
Suggested Sections

1. Parties: Identification and details of the Assignor/Licensor and Assignee/Licensee

2. Background: Context of the agreement including ownership of the copyright works and purpose of the assignment/license

3. Definitions: Definitions of key terms used throughout the agreement

4. Assignment of Copyright: Details of the copyright works being assigned and the scope of the assignment

5. Grant of License: Specification of licensed rights, including scope, territory, and duration

6. Consideration: Payment terms and other consideration for the assignment and license

7. Warranties and Representations: Warranties regarding ownership, right to assign/license, and non-infringement

8. Delivery of Materials: Requirements for delivering copyright materials and associated documentation

9. Further Assurance: Obligations to execute additional documents and assist with registration

10. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction for disputes

Optional Sections

1. Moral Rights: Used when addressing the treatment of moral rights, particularly relevant for literary, dramatic, musical, or artistic works

2. Royalty Provisions: Include when the license includes ongoing royalty payments rather than just a one-time fee

3. Sub-licensing Rights: Used when the licensee is permitted to grant sub-licenses to third parties

4. Quality Control: Include when the licensor wants to maintain control over the quality of licensed works' use

5. Termination Rights: Specific termination provisions beyond standard breach provisions

6. Registration: Include when the assignment/license needs to be registered with copyright authorities

7. Confidentiality: Used when confidential information will be shared as part of the agreement

8. Non-Competition: Include when restricting the assignor's future activities in relation to similar works

Suggested Schedules

1. Schedule 1 - Copyright Works: Detailed description of all copyright works being assigned or licensed

2. Schedule 2 - Commercial Terms: Detailed payment terms, royalty calculations, and payment schedules

3. Schedule 3 - Territory: Specification of geographical territories for licensed use

4. Schedule 4 - Approved Uses: Detailed description of permitted uses of the copyright works

5. Appendix A - Registration Documents: Copies of copyright registration certificates or other proof of ownership

6. Appendix B - Form of Assignment: Standard form for recording the assignment with relevant authorities if required

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Relevant Industries

Media and Entertainment

Publishing

Technology

Software Development

Advertising

Creative Arts

Education

Research and Development

Gaming

Music Industry

Film and Television

Digital Content Creation

Relevant Teams

Legal

Intellectual Property

Corporate Affairs

Business Development

Research and Development

Creative Services

Content Production

Publishing

Software Development

Licensing

Contracts Administration

Relevant Roles

Intellectual Property Lawyer

Legal Counsel

Copyright Administrator

Content Director

Creative Director

Publishing Manager

Software Development Manager

Research Director

Business Development Manager

Contract Manager

Licensing Manager

IP Portfolio Manager

Chief Legal Officer

Chief Technology Officer

Industries




Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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