Who can use this Software Assignment?
Any individuals or companies that agree to transfer ownership of software from one to the other
What is this Software Assignment for?
This software assignment contract is a short and formal contract recording the sale and transfer of ownership of the software. It is similar to our own agreements for the assignment of patents and trademarks
What are the main issues?
The seller needs to satisfy the buyer that the seller not only owns the software, but also that no third parties have any rights or interests in it and nobody has brought a claim for infringement. Thus the agreement contains warranties from the seller the deal with these issues.
In addition, the seller will agree to sign further documents after the sale – e.g. to ensure that the software’s change of ownership can be properly registered.
The agreement needs to describe precisely what software is being transferred as well as dealing with price and payment.
What detailed terms does the Assignment contain?
The main points cover:
- assignment (detailing the transfer of ownership and price)
- further assurance (where the assignor or seller agrees to sign any other documents needed)
- warranties (that the assignor is owner, there are no licenses or claims or third party rights)
- severance ( if any term is unenforceable it will not undermine the agreement)
- amendment (any change to be in writing)
- governing law and jurisdiction (including service of process)
For more information on each of these sections, see our Explanatory Notes which you will receive when you download the document from our website.
For information on signing documents see our Contract Signing page
When I download the document, can I change it and/or use it more than once?
Yes, all ContractStore’s templates are in MS Word and you can use the contract on more than one project. For more information, watch the video on this page of our website or see our FAQs
ContractStore supplies templates and is not a law firm. But experienced lawyers write all our templates, so we can arrange legal assistance for customers who need special terms in one of our documents or a bespoke template. . For more information see our Legal Services page. For more information see our Legal Services page.
Contract Author – Sharon Benning-Prince
And if you want to contact us see our Contacts page.
If you have any questions about a contract and/or want to see the Explanatory Notes before you buy, please let us know by using our contact form
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