Spiegel & Utrera, P.A. is a fully licensed law firm that delivers professional legal services at extremely affordable prices.
ASSIGNMENT OF SOFTWARE OWNERSHIP RIGHTS AGREEMENT (Language more favorable to Buyer) Information & Benefits: The following information and benefits is what distinguishes us from other online providers.
Assignment Designer/Developer ("Assignor") assigns to another ("Assignee") all right, title and interest (choate or inchoate) in (i) the subject matter referred to in Exhibit A ("Software"), (ii) all precursors, portions and work in progress with respect thereto and all inventions, works of authorship, mask works, technology, information, know-how, materials and tools relating thereto or to the development, support or maintenance thereof and (iii) all copyrights, patent rights, trade secret rights, trademark rights, mask works rights and all other intellectual rights of any sort and all business, contract rights and goodwill in, incorporated or embodied in, used to develop, or related to any of the foregoing (collectively "Intellectual Property").
Consideration What will the Assignee exchange for the rights assigned by Assignor? Money or money's worth can include cash, stock or other property in any combination. The nature of the exchange may warrant additional investigation in order to ascertain the tax consequences and often, a tax-free exchange can be designed. However, never forget to reduce the terms of any such transfer into writing. Therefore, if the Assignor will receive stock for his rights, the issuance of shares should be pursuant to a Stock Purchase Agreement.
Warranty In any assignment, the Assignor should promise that it: (i) was the sole owner (other than the Assignee) of all rights, title and interest in the Intellectual Property and, (ii) has not assigned, transferred, licensed, pledged or otherwise encumbered any Intellectual Property or agreed to do so, (iii) has full power and authority to enter into this Agreement and to make the assignment, (iv) is not aware of any violation, infringement or misappropriation of any third party's rights (or any claim thereof) by the Intellectual Property, [(v) was not acting within the scope of employment by any third party when conceiving, creating or otherwise performing any activity with respect to anything purportedly assigned.
Further Assurances Assignor should also promise to assist the Assignee in every legal way to evidence, record and perfect the assignment and to apply for and obtain recordation of and from time to time enforce, maintain, and defend the assigned rights.
Power of Attorney If the Assignee is unable for any reason whatsoever to secure the Assignor's signature to any document it is entitled to under this Section, Assignor hereby irrevocably designates and appoints the Assignee and its duly authorized officers and agents, as his agents and attorneys-in- fact with full power of substitution to act for and on his behalf and instead of Assignor, to execute and file any such document or documents and to do all other lawfully permitted acts to further the purposes of the foregoing with the same legal force and effect as if executed by Assignor.
Confidential Information Assignor will not use or disclose anything assigned to the Assignee hereunder or any other business information or plans of the Assignee, except to the extent Assignor can document that it is generally available (through no fault of Assignor) for use and disclosure by the public without any charge, license or restriction and agrees that there is no adequate remedy at law for a breach, that such a breach would irreparably harm the Assignee and that the Assignee is entitled to equitable relief (including, without limitations, injunctions) with respect to any such breach or potential breach in addition to any other remedies.
Taxes The assignment and stock issuance hereunder is intended to qualify for tax-free treatment under Internal Revenue Code Section 351. See the explanation of IRC Section 351 in Section C of Chapter I; if Section 351 criteria are not met, the transaction will likely be taxable even though Developer receives only illiquid stock as consideration.
Severability In the event any part, portion or provision or paragraph of this Agreement is declared void or invalid, the remaining portions of this Agreement are not affected and remain in full force and effect.
Mediation and Arbitration Mediation and Arbitration should always specify a location in a convenient jurisdiction (preferably, in the same county where they run their business). Mediation is a non-binding way to settle the dispute quickly and amicably. If unable to settle in mediation, arbitration is first option available. Arbitration is the preferred alternative to litigation because of speed, cost, and ability to maintain low profile (no info is publicly available).
Governing Law Always stipulate that the contract will be governed under the law and jurisdiction where business is conducted. Always make sure that venue and jurisdiction are convenient.
No Modification or Waiver No modifications except those specifically agreed upon by the parties in writing. Any waiver of a term or provision will not act as a waiver of any other provision.
Entire Agreement This agreement constitutes the entire agreement of the parties and may be modified only in a writing executed by both parties.
Notices Notices should always list the current and best addresses where each party may contact the other for whatever reason. Get your price for this agreement now! Real Lawyers. Real People. Spiegel & Utrera, P.A. : Affordable Agreements. Custom-Fit Contracts. Why do I need a Legal Contract or Agreement? SPIEGEL & UTRERA, P.A. is your one source for business legal services.
Would you rather speak to a lawyer? A Spiegel & Utrera, P.A. associate is ready to take your call.
| Spiegel & Utrera, P.A. | | Miami | Tampa | Fort Lauderdale | 1840 Coral Way 4th Floor Miami, FL 33145 Toll Free: (800) 603 - 3900 (305) 854-6000 Fax: (305) 857-3700 Natalia Utrera, Esq., Managing Attorney | 3623 West Kennedy Blvd. Tampa, FL 33609 Toll Free: (800) 658-5900 (813) 871-5400 Fax: (813) 870-2500 William M Homsi, Esq., Managing Attorney | 3526 North Federal Highway Ft. Lauderdale, FL 33308 Toll Free: (800) 465-8500 (954) 630-9800 Fax: (954) 561-7900 Natalia Utrera, Esq., Interim Managing Attorney | | Orlando | New York City | Long Island | 707 East Colonial Drive Suite B Orlando, Florida 32803 Toll Free: (888) 991-9700 (407) 898-5500 Fax: (407) 894-5700 William M. Homsi, Esq., Managing Attorney | 1 Maiden Lane 5th Floor New York, NY 10038 Toll Free: (800) 576-1100 (212) 962-1000 Fax: (212) 964-5600 Daniel S. Finnegan, Esq. Managing Attorney | 55 Jericho Turnpike Suite 202 Jericho, NY 11753 Toll Free: (888) 797-6200 (516) 338-9100 Fax: (516) 338-9200 Jai H. Cha, Esq. Managing Attorney | | Delaware | Chicago | Clifton, NJ | 9 East Loockerman Street Suite 3A Dover, DE 19901 Toll Free: (888) 641-3800 (302) 744-9800 Fax: (302) 674-2100 Courtney Riordan, Esq. Managing Attorney | 123 West Madison Street Suite 806 Chicago, IL 60602-4620 Toll Free: (888) 514-9800 (312) 443-1500 Fax: (312) 443-8900 Melody Ashby, Esq. Managing Attorney | 642 Broad St., Suite 2 Clifton, NJ 07013 Toll Free: (888) 336-8400 (973) 473-2000 Fax: (973) 778-2900 Michael L. Simon, Esq. Managing Attorney | | Los Angeles | United Kingdom | Las Vegas | 4727 Wilshire Blvd. Suite 601 Los Angeles, CA 90010 Toll Free: (888) 520-7800 (323) 936-3400 Fax: (323) 939-5600 Stephanie Stubbe, Esq., Managing Attorney | Spiegel & Utrera, Ltd. "Your Gateway to Europe" 11 Murray Street, London NW19RE Telephone: 011 44 207 284 3700 Fax: 011 44 207 284 3533 Toll Free: 0 800 917 1200 Fax: 0 800 169 2300 Russell D. Williams, Esq. Managing Solicitor www.spiegelutrera.co.uk | 1785 E Sahara Ave Suite 490 Las Vegas, NV 89104 Toll Free: (888) 530 4500 (702) 364 2200 Fax: (702) 458 2100 Michael R. Carrigan, Esq., Managing Attorney | | | | | | | General Counsel Club® | | | Back to Top | Unlimited Legal & Business Advice JOIN TODAY! Toll Free: 1 (800) 734 - 9900 Fax: 1 (800) 520 - 7800 Natalia Utrera, Esq., Managing Attorney | Back to Top |
| Material presented on AmeriLawyer.com is intended for information purposes only. It is not intended as professional advise and should not be construed as such. The U.S. Treasury Department requires us to inform you than any information obtained from this website is not intended or written by our law firm to be used, and cannot be used by any taxpayer, for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code. Advice from our firm relating to Federal tax matters may not be used in promoting, marketing or recommending any entity, investment plan or arrangement to any taxpayer. |
| Copyright ©MMI, ©MMIV, ©MMV, ©MMIX Spiegel & Utrera, P. A. All Rights Reserved View this site in Français Español Italiano Deutsch German Português
| Spiegel & Utrera, P.A. and Amerilawyer.com Privacy Policy | Internal Revenue Service Circular 230 Policy | Spiegel & Utrera, P.A. and Amerilawyer.com Service Terms & Cancellation Policy
|
|
|