Intellectual Property Assignment Template (UK)
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Intellectual Property Law

Why You Need an IP Assignment Agreement

Protect ownership rights with formal assignments transferring copyright, trademarks, patents, and other IP assets legally

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Ownership Certainty

IP assignments formally transfer ownership preventing £50,000-£500,000+ disputes over who owns valuable copyrights, trademarks, patents, software, designs. Written assignments are LEGALLY REQUIRED under UK law - verbal transfers invalid.

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Commercial Transactions

Investors, acquirers, and partners demand proof of IP ownership before £100,000-£10,000,000+ deals. Clean IP assignments documenting ownership chain prevent due diligence failures costing months of delays and killing £1,000,000-£50,000,000 transactions.

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Enforcement Rights

Only registered owners can enforce IP rights against infringers. Without proper assignments, cannot stop competitors copying £100,000-£1,000,000 products, cannot sue for £50,000-£500,000 damages, cannot license for £10,000-£100,000 annual royalties.

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What Must Be Included in an IP Assignment Agreement

A valid IP assignment agreement must include essential elements satisfying Copyright, Designs and Patents Act 1988 requirements:

Core Assignment Requirements:

  • Parties identification - Assignor (current owner) and Assignee (new owner) full legal names, addresses, company numbers
  • IP description - Specific identification of intellectual property being assigned (copyright works, trademarks, patents, designs)
  • Assignment language - "Assignor hereby assigns to Assignee all right, title, and interest in the IP" (clear transfer language essential)
  • Consideration - Payment or other valuable consideration (required for valid contract - cannot be gratuitous unless deed)
  • Scope of assignment - Geographic territories (worldwide vs. UK only), duration (full term vs. limited period), exclusivity
  • Signature and date - Both parties sign (assignor signature critical), dated for effective date
  • Writing requirement - MUST be in writing and signed - Copyright, Designs and Patents Act 1988 s.90(3) requires written assignment

Detailed IP Description:

  • Copyright works - Specific works (software code, written content, photographs, designs, music, videos), creation dates, descriptions
  • Trademarks - Trademark text/logo, registration numbers (if registered), classes, goods/services covered
  • Patents - Patent titles, application/registration numbers, filing dates, invention descriptions
  • Design rights - Registered designs (registration numbers) and unregistered design rights, design specifications
  • Database rights - Database descriptions, compilations of data
  • Trade secrets - Confidential information, know-how, proprietary processes (though these typically licensed not assigned)
  • Domain names - Specific domain names being transferred
  • Future creations - IP created during employment/contract period (if assignment covers future works)

Consideration (Payment/Value):

  • Monetary consideration - Specific payment amount (£X,000), payment terms, when due
  • Non-monetary consideration - Shares in company, services rendered, other valuable benefits
  • Nominal consideration - £1 consideration valid (establishes contract), commonly used for employee assignments
  • "Receipt acknowledged" - Statement that consideration received (prevents future disputes)
  • Alternative: Deed - If no consideration, execute as deed (requires witness, different formalities)

Assignor Warranties and Representations:

  • Ownership warranty - Assignor owns all rights in IP being assigned, free from encumbrances
  • Right to assign - Has full power and authority to assign IP, no conflicting agreements
  • No infringement - IP doesn't infringe third-party rights, no pending claims
  • Valid and subsisting - Copyright/patents/trademarks valid, in force, properly maintained
  • No licences - No existing licences granted to third parties (or disclosure of existing licences)
  • Disclosure of prior assignments - If partial rights previously assigned, disclosure of chain of title

Assignee Rights Granted:

  • Full ownership - "All right, title, and interest" transferred completely
  • Economic rights - Reproduction, distribution, public performance, adaptation, licensing rights
  • Moral rights waiver - Assignor waives paternity (attribution) and integrity rights where possible (note: UK moral rights partially inalienable)
  • Enforcement rights - Right to sue for past and future infringements
  • Registration rights - Right to record assignment with IPO, USPTO, trademark offices
  • Derivative works - Right to create modifications, adaptations, improvements

Geographic and Temporal Scope:

  • Territory - Worldwide assignment typical, or specific territories (UK, EU, US, etc.)
  • Duration - Full remaining term of IP (copyright life+70 years, patent 20 years, trademark renewable indefinitely) or limited period
  • Exclusivity - Exclusive (assignee sole owner) vs. non-exclusive (assignor retains rights to assign to others)

Assignor's Continuing Obligations:

  • Further assurances - Execute additional documents needed to perfect assignment (IPO recordation forms, trademark transfer documents)
  • Cooperation - Assist with enforcement actions, provide testimony, produce evidence
  • Non-compete (optional) - Covenant not to create competing works (if appropriate for context)
  • Delivery of materials - Provide original works, files, documentation, registration certificates

Special Provisions:

  • Assignment of past infringement claims - Transfer right to sue for infringements occurring before assignment date
  • Indemnification - Assignor indemnifies assignee for breaches of warranties (infringement claims, ownership disputes)
  • Confidentiality - Assignment terms confidential (if commercially sensitive)
  • Governing law - English law typically for UK IP
  • Registration provisions - Who handles registration/recordation, costs allocation

Our IP assignment agreement includes all essential provisions for valid and enforceable intellectual property transfers.

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Risks of Invalid or Missing IP Assignments

Legal and Commercial Risks:

  • Ownership disputes costing £50,000-£500,000+: Without written IP assignments, original creators retain ownership - companies wrongly believe they own IP created by contractors, employees (pre-employment), or collaborators. When relationships sour, creators claim ownership demanding £100,000-£500,000 licensing fees, preventing product sales, or suing for infringement. Startups discover during investment due diligence that founders never assigned IP to company - deals collapse. Cost: 6-12 months delays, £50,000-£200,000 renegotiating assignments, or complete deal failure losing £1,000,000-£50,000,000 investment. Verbal agreements worthless - Copyright, Designs and Patents Act 1988 s.90(3) requires WRITTEN signed assignment.
  • Cannot enforce IP rights: Only registered owners can sue infringers. Company thinks it owns software copyright, but developer never assigned - company cannot stop competitor copying £200,000 product because it lacks legal standing to sue. Or trademark registered in individual's name not company - company cannot stop copycats using brand worth £500,000. Without proper assignments, £100,000-£1,000,000 IP investments unprotectable. Competitors copy freely knowing victim cannot sue. Assignment essential for enforcement.
  • Due diligence failures killing deals: Investors, acquirers, and partners conduct IP due diligence before £500,000-£50,000,000 transactions. Discovery that company doesn't own its core IP (missing founder assignments, contractor work unassigned, unclear ownership chain) creates "fatal flaw" killing deals. 30-50% of M&A transactions involve material IP issues. Cost: 6-12 months deal delays while scrambling to obtain retroactive assignments, 20-40% valuation reductions reflecting IP risks, or complete deal abandonment. Proper assignments at inception prevent these catastrophic failures.
  • Employee/contractor disputes costing £50,000-£200,000: Employees/contractors depart claiming ownership of work created during employment/engagement. Without IP assignment agreements signed at hire, companies face £50,000-£200,000 litigation establishing ownership. Courts hold: employees' work during employment owned by employer (Copyright, Designs and Patents Act 1988 s.11), BUT contractors retain copyright unless written assignment. Many "employees" actually contractors (IR35 issues) - their work unassigned. Result: critical software, designs, content owned by ex-contractors demanding £100,000+ licensing fees or prohibiting use. Obtain assignments BEFORE work commences, not after relationships deteriorate.
  • Licensing revenue losses £10,000-£100,000+ annually: Cannot license IP you don't own. Company wants to license software to multiple customers generating £50,000-£200,000 annual revenue, but developer never assigned copyright - developer claims all licensing revenue. Or trademark owned by individual not company - individual demands 50% of licensing fees. Without ownership, cannot monetize £100,000-£1,000,000 IP assets through licensing. Lost opportunities cost £10,000-£100,000+ annually in foregone licensing revenue.
  • Investment unfundability: VCs and angels refuse to invest £500,000-£10,000,000 in companies with unclear IP ownership. "Show us IP assignments from all founders, employees, and contractors" standard due diligence request. Missing assignments = deal-breaker. Startups spend 3-6 months pre-funding scrambling to obtain retroactive assignments (many refuse), burning runway and missing investment opportunities. Some deals die entirely - investors walk away. Proper founder and employee IP assignment agreements at inception make companies fundable. Cost of missing assignments: £1,000,000-£10,000,000 lost funding.
  • Co-founder disputes destroying companies: Tech startup founded by 3 people, no written IP assignments, 2 founders leave after 6 months taking "their IP." Remaining founder discovers company owns nothing - departing founders own code, designs, business plans. Company worthless without IP. Litigation costs £100,000-£300,000 over 2 years resolving ownership, often resulting in forced shutdowns or fire-sale valuations. Founder IP assignments at incorporation (with vesting schedules) prevent these disasters. Every day of operations without assignments creates £10,000-£100,000 unassigned IP liabilities.
  • International expansion blocked: Expanding to US, EU, China requires IP ownership proof. US investors demand chain of title showing clean IP assignments from all contributors. EU trademark registrations require proof of ownership. Without proper assignments documenting ownership history, international expansion stalls. Cost: 6-12 months delays, £50,000-£200,000 legal fees reconstructing ownership chain, or permanent inability to expand internationally. Assignment documentation enables global growth.
  • Valuation destruction in exits: Company sells for £10,000,000 but discovered during due diligence that half the IP lacks clear assignments. Buyer demands £3,000,000-£5,000,000 valuation reduction reflecting IP risks, escrows £2,000,000 pending resolution, or walks away entirely. Sellers forced to obtain retroactive assignments (many ex-employees demand £50,000-£200,000 payoffs) or accept massive haircuts. Proper assignments maintain full £10,000,000 valuation. Missing assignments cost 30-50% of exit value = £3,000,000-£5,000,000 losses.
  • Moral rights complications: UK law grants authors moral rights (paternity and integrity) partially inalienable - cannot fully assign. Without moral rights waivers, original authors can: object to modifications (integrity right), demand attribution (paternity right), causing £20,000-£100,000 complications when companies want to adapt works without attribution. Moral rights waivers (to extent permitted by law) in assignments prevent these issues. Especially important for software, designs, and creative works.

Common IP Assignment Problems:

Verbal assignment attempts (invalid - must be written), missing signatures, inadequate IP descriptions ("all IP" too vague), no consideration (makes contract unenforceable unless deed), no warranties (assignee gets no protection), missing moral rights waivers, forgetting contractor work (developers, designers, writers), no founder assignments (company doesn't own founders' contributions), pre-employment work unaddressed (employees claim prior creations), and no further assurances clause (prevents obtaining supplementary documentation). These errors cost £100,000-£10,000,000 in disputes, deal failures, and enforcement losses.

A £10 professional IP assignment prevents £100,000-£10,000,000+ in ownership disputes, deal failures, and enforcement losses.

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What's Included in Our IP Assignment Agreement

Comprehensive IP Assignment:

  • Parties Identification
    • Assignor (current owner) full legal details
    • Assignee (new owner) full legal details
    • Company registration numbers
    • Registered addresses
  • IP Description
    • Copyright works specification (software, content, designs)
    • Trademark details (names, logos, registration numbers)
    • Patent information (titles, numbers, filing dates)
    • Design rights (registered and unregistered)
    • Database rights
    • Domain names
    • Creation dates and descriptions
    • Future works provisions (if applicable)
  • Assignment Language
    • "Assignor hereby assigns to Assignee"
    • All right, title, and interest
    • Clear and unambiguous transfer language
    • Present tense assignment (effective immediately)
    • Absolute assignment (not conditional)
  • Consideration
    • Monetary payment specification
    • Payment terms and timing
    • Nominal consideration (£1) option
    • Non-monetary consideration provisions
    • Receipt acknowledgment
    • Alternative deed execution (if no consideration)
  • Scope of Assignment
    • Geographic territory (worldwide or specific)
    • Duration (full term of IP rights)
    • Exclusivity (exclusive vs. non-exclusive)
    • All media and formats
    • Known and future technologies
  • Assignor Warranties
    • Ownership warranty (owns all assigned IP)
    • Right to assign (full authority)
    • No encumbrances (free of liens, claims)
    • No infringement (doesn't violate third-party rights)
    • Valid and subsisting (IP rights in force)
    • No existing licences (or disclosure)
    • No litigation (no pending or threatened claims)
    • Full disclosure (all material information provided)
  • Rights Granted
    • Full ownership transfer
    • Economic rights (reproduction, distribution, performance)
    • Adaptation and modification rights
    • Licensing and sublicensing rights
    • Enforcement rights (sue infringers)
    • Registration rights (record with IPO)
    • Past infringement claims assignment
  • Moral Rights Provisions
    • Paternity right waiver (to extent permitted)
    • Integrity right waiver (to extent permitted)
    • Consent to modifications
    • Consent to use without attribution
    • UK law limitations acknowledgment
  • Assignor Obligations
    • Further assurances (execute additional documents)
    • Cooperation with registration
    • Assistance with enforcement
    • Delivery of original materials
    • Provision of documentation
    • Testimony and evidence support
  • Indemnification
    • Assignor indemnifies for breach of warranties
    • Infringement claims coverage
    • Ownership dispute indemnification
    • Legal costs reimbursement
    • Damages and settlements coverage
  • Registration Provisions
    • IPO recordation obligations
    • Trademark assignment recordation
    • Patent assignment recordation
    • Cost allocation
    • Cooperation requirements
  • Confidentiality
    • Assignment terms confidentiality
    • Consideration amount confidentiality
    • Permitted disclosures
    • Commercial sensitivity protection
  • ✓ Delivery of materials and documentation
  • ✓ Entire agreement clause
  • ✓ Severability provisions
  • ✓ Amendment requirements (in writing)
  • ✓ Notices provisions
  • ✓ Governing law (English law)
  • ✓ Jurisdiction (English courts)
  • ✓ Counterparts execution permitted
  • ✓ Options for various IP types:
    • Copyright (software, content, designs, photographs)
    • Trademarks (word marks, logos, slogans)
    • Patents (inventions, processes)
    • Design rights (registered and unregistered)
    • Database rights
    • Domain names
    • Combined IP assignments (multiple types)
    • Employee IP assignments
    • Contractor IP assignments
    • Founder IP assignments

Professional, legally-compliant IP assignment ensuring valid transfer of intellectual property rights.

Common IP Assignment Agreement Mistakes

Don't Make These Critical Errors:

  • Verbal assignments: "You verbally agreed to assign copyright" - WORTHLESS. Copyright, Designs and Patents Act 1988 s.90(3) requires copyright assignments be IN WRITING and SIGNED by assignor. Verbal assignments completely invalid - original creator retains ownership. Same for trademarks and patents. Result: £50,000-£500,000 ownership disputes when creator claims they never assigned rights. ALWAYS use written signed assignments. No exceptions.
  • Vague IP descriptions: "All IP created by Employee" too vague - what specific IP? Courts require reasonable certainty identifying assigned property. Instead specify: "All copyright in software code, documentation, designs, and materials created by Employee during employment relating to Company's business." List specific works if possible. Vague descriptions create disputes costing £50,000-£200,000 over what was actually assigned.
  • Missing consideration: "Employee assigns all IP to Company" with no payment/value = unenforceable contract (no consideration). Must include: "In consideration of £1 (receipt acknowledged)" or "In consideration of Employee's salary and benefits" or "In consideration of equity grants." Without consideration, assignment fails as simple contract - must execute as DEED (requires witness, different formalities). £1 nominal consideration sufficient and commonly used.
  • No signatures: Unsigned IP assignment = invalid - not binding on assignor. Copyright Act requires signature. Both parties should sign but assignor signature CRITICAL. Electronic signatures generally acceptable (Electronic Communications Act 2000) but wet signatures safer for valuable IP. Without signature, assignment worthless in disputes. Creator claims "I never signed that" and retains ownership.
  • Forgetting contractor work: Developers, designers, writers, consultants as contractors (not employees) retain copyright unless written assignment. Companies wrongly assume "we paid them so we own it" - FALSE. Copyright Act gives ownership to creator unless employed or written assignment. Result: £100,000+ software owned by ex-contractor who demands licensing fees. ALWAYS obtain written IP assignments from ALL contractors BEFORE work commences. After-the-fact assignments difficult (contractors demand £50,000+ retroactive payments).
  • No founder assignments: Tech startup founded, 3 co-founders build product, no written IP assignments to company. 2 founders leave - they own their contributions. Company owns nothing. Remaining founder cannot raise investment (due diligence reveals missing IP ownership). Business effectively worthless. Cost: £1,000,000-£10,000,000 lost valuation. Founder IP assignments at incorporation ESSENTIAL with vesting schedules (if founder leaves early, unvested IP reverts). Never operate single day without founder IP assignments.
  • Missing moral rights waivers: UK authors have moral rights (paternity - attribution, integrity - no derogatory treatment) partially inalienable. Without waivers, authors can object to modifications or demand attribution even after assignment. Software company wants to modify code, merge products, rebrand - original developer objects under integrity right causing £50,000 complications. Include: "Assignor waives all moral rights to extent permitted by law and consents to any treatment of the works." Protects assignee's freedom to modify.
  • No warranties: Assignment without warranties leaves assignee unprotected if IP infringes third-party rights or assignor doesn't own what's assigned. Company pays £100,000 for IP, later discovers it infringes patents - gets sued for £500,000. Assignor provided no infringement warranty - assignee has no recourse. Include warranties: ownership, right to assign, no infringement, no encumbrances. Shifts risk to assignor where it belongs. Assignee can recover from assignor if warranties breach.
  • Inadequate future works provisions: Employee IP assignment covers "IP created to date" but not future work. Employee creates valuable invention next year - not covered by assignment, employee owns it. For employment/contractor relationships, include: "All IP created during term of employment/engagement relating to Company's business." Covers past, present, and future creations. Prevents employees claiming later inventions unassigned.
  • Wrong assignment type: Attempting to "assign" trade secrets or confidential information - these cannot be assigned, only licensed. Trade secrets require confidentiality agreements not assignments. Or attempting to assign unregistered trademarks without goodwill transfer (trademarks must be assigned with goodwill). Use appropriate mechanisms: assignments for copyright/patents/registered rights, licences for trade secrets, trademark assignments with goodwill. Mismatched documents invalid.
  • No further assurances clause: Assignment executed but assignor refuses to sign IPO recordation forms, trademark transfer documents, or cooperation with enforcement. Without "further assurances" clause obligating assignor to execute supplementary documents and cooperate, assignee cannot perfect ownership. Include: "Assignor agrees to execute all documents and take all actions reasonably necessary to perfect and record this assignment." Essential for trademark/patent assignments requiring office filings.
  • Missing territorial scope: "Assignor assigns copyright" - worldwide or UK only? Ambiguity creates disputes. Specify: "Assignor assigns all rights throughout the world" or "Assignor assigns rights in the United Kingdom only." Worldwide typical for modern digital IP (software, websites). Limited territory assignments rare except international licensing contexts. Clear scope prevents disputes.
  • Forgetting joint authors: Work created by 3 people collaboratively - copyright owned jointly. Assignment from 1 author insufficient - need assignments from ALL joint authors. Company gets assignment from lead developer but not 2 other contributors - doesn't own full rights, cannot stop joint authors from exploiting work. Identify all authors/inventors/creators and obtain assignments from EACH. Otherwise own only partial rights.
  • Pre-employment work unaddressed: Employee joins company having created prototype software before hire. Employment IP assignment purports to assign "all IP created during employment" - doesn't cover pre-existing work. Employee retains ownership of prototype. Later employee claims product infringes their pre-existing IP demanding £200,000. Address pre-employment creations explicitly: either exclude or include with consideration. Prevents retroactive ownership claims.
  • No indemnification: Assignor assigns IP warranting they own it. Turns out they don't - third party sues assignee for £300,000 infringement. Assignor breached warranty but no indemnification - assignee cannot recover from assignor. Include: "Assignor indemnifies Assignee against all claims, damages, and costs arising from breach of warranties including infringement claims." Protects assignee from assignor's misrepresentations.

Our template prevents these errors with compliant language, comprehensive warranties, and proper assignment provisions.

Frequently Asked Questions

Do IP assignments need to be in writing, or are verbal assignments valid?

IP assignments MUST be in writing and signed - verbal assignments are INVALID under UK law. Copyright, Designs and Patents Act 1988 s.90(3) states: "An assignment of copyright is not effective unless it is in writing signed by or on behalf of the assignor." Similar requirements exist for registered trademarks (Trade Marks Act 1994 s.24) and patents (Patents Act 1977 s.30). Why writing required: IP rights are valuable assets (£10,000-£10,000,000+) requiring formality for transfer, written evidence prevents disputes, registration authorities require written assignments. What constitutes "writing": Physical signed documents (traditional), PDF with electronic signature (generally acceptable under Electronic Communications Act 2000), email chains with clear assignment language and sender authentication (possibly acceptable but risky). What signature required: Assignor (current owner) MUST sign - assignor signature transferring ownership essential, assignee signature recommended but not legally required. Consequences of verbal assignment: Completely invalid - original owner retains full ownership, assignee gets nothing despite believing they own IP, later disputes cost £50,000-£500,000 when creator claims they never transferred rights, verbal "assignments" create only implied licences at best (not ownership transfer). CRITICAL: Never rely on verbal agreements, handshake deals, or "understanding" that IP transferred. Without written signed assignment, you DON'T own IP regardless of what was verbally agreed or paid. Always execute formal written IP assignment agreements immediately upon creation or before paying for commissioned works.

Who owns intellectual property created by contractors and freelancers?

By DEFAULT, contractors and freelancers RETAIN copyright ownership in all works they create - clients only get implied licence for intended use. This is Copyright, Designs and Patents Act 1988 fundamental principle: creator (author) owns copyright UNLESS: (1) Employee exception: Work created by employee in course of employment owned by employer (s.11(2)), OR (2) Written assignment: Creator assigns copyright in writing. Contractor vs. Employee distinction: Contractors (self-employed, limited company, freelancers, consultants) are NOT employees - they retain copyright, employees work under contracts of service - employer owns their work. IR35 complications: many "contractors" may actually be employees for tax purposes but this doesn't automatically transfer copyright - need written assignments regardless. Why this matters: Company pays contractor £50,000 to develop software/design website/create content, wrongly assumes "we paid for it so we own it" - WRONG, contractor owns copyright and can: prohibit modifications, license to competitors, demand additional payments for use, sue company for infringement if company modifies work. Cost: £100,000-£500,000 ownership disputes. Solution: ALWAYS obtain written IP assignment from contractors BEFORE work commences: "Contractor hereby assigns to Company all intellectual property rights including copyright in all works created under this agreement." Include in contractor agreement or separate IP assignment. Timing critical: Before work starts (contractor has no leverage, assigns readily), after work delivered (contractor demands £20,000-£100,000 for retroactive assignment). Don't make expensive mistake of forgetting contractor IP assignments.

What consideration is required for a valid IP assignment agreement?

IP assignments require CONSIDERATION (payment or value) to create enforceable contracts under English law. Without consideration, assignments fail as simple contracts (though can be executed as deeds). Acceptable consideration types: (1) Monetary payment: Lump sum (£X,000), instalment payments, future royalties. Specify amount clearly: "In consideration of £10,000 paid by Assignee to Assignor (receipt acknowledged)." (2) Nominal consideration: £1 payment - completely valid despite tiny amount, commonly used for employee/founder assignments, establishes contract without meaningful cost. (3) Employment consideration: "In consideration of Employee's salary and benefits" or "In consideration of employment with Company" - valid for employee IP assignments. (4) Equity consideration: Shares in company - common for founder IP assignments, must specify: "X shares in Company." (5) Mutual promises: Exchange of obligations can constitute consideration if each party receives benefit. Nominal £1 consideration: Extremely common in IP assignments (90%+ use this), creates valid contract with minimal cost, include "receipt acknowledged" language to prevent later disputes, assignor doesn't actually need to receive £1 - acknowledgment creates presumption of payment. No consideration alternative - DEED: If no consideration, execute assignment as DEED requiring: witnessing by independent witness, "This Deed" header, "Executed as a Deed" signature block, delivery (can be presumed from dating). Deeds enforceable without consideration. Common mistake: Assignment with no consideration stated and not executed as deed = unenforceable, later dispute arises, assignor claims "I got nothing so assignment invalid," court agrees. Always include consideration statement (even if £1) or execute as deed.

What's the difference between an IP assignment and an IP licence?

Assignments transfer OWNERSHIP permanently while licences grant PERMISSION to use without ownership transfer. Understanding this distinction prevents £50,000-£500,000 errors. IP ASSIGNMENT: Transfers all right, title, and interest from assignor to assignee, ownership changes permanently (or for specified term), assignee becomes new owner with all ownership rights (modify, license, enforce, sell), assignor retains nothing (unless limited assignment), must be in writing and signed, consideration required (or deed), common uses: employer acquiring employee IP, company acquiring contractor IP, buyer purchasing IP in M&A. IP LICENCE: Grants permission to use IP without ownership transfer, licensor retains ownership, licensee gets usage rights only (scope defined by licence), can be exclusive or non-exclusive, can be written or verbal (though written recommended), no consideration required for simple licence (though typical), common uses: software licensing, trademark licensing, patent licensing. Key differences: OWNERSHIP: Assignment transfers it, licence doesn't. PERMANENCE: Assignment usually permanent, licences often terminable. MODIFICATION RIGHTS: Assignee can modify, licensee typically cannot without permission. ENFORCEMENT: Owner (assignee) can sue infringers, licensee typically cannot. SUBLICENSING: Assignee owns so can license freely, licensee needs permission to sublicense. When to assign vs. licence: ASSIGN when: acquiring ownership (employees, contractors, acquisitions), investor demands company own all IP, building asset for sale. LICENCE when: temporary use needed, retaining ownership desired, multiple users permitted, generating licensing revenue. Common mistake: Using "licence" when "assignment" needed - companies "licence" contractor work thinking they own it, they don't, contractor retains ownership creating £100,000 disputes. For business IP, almost always want ASSIGNMENT not licence to ensure full ownership.

Should I have a lawyer review my IP assignment agreement?

Lawyer review HIGHLY recommended for valuable IP and commercial transactions, though professionally-drafted templates acceptable for routine assignments. When lawyer essential: (1) High-value IP (£100,000-£10,000,000 worth), (2) Complex IP portfolios (multiple copyrights, trademarks, patents), (3) International IP rights spanning multiple jurisdictions, (4) M&A transactions (IP critical to deal), (5) Investment due diligence (investors scrutinizing IP ownership), (6) Disputed ownership (unclear chain of title), (7) Joint ownership situations (multiple assignors), (8) Founder IP assignments with vesting schedules. What lawyers review: Assignment language effectiveness (proper transfer wording), consideration adequacy (enforceable contract), warranty appropriateness (balanced risk allocation), territorial scope (worldwide vs. limited), moral rights treatment (UK law complexities), registration requirements (IPO, trademark office filings), indemnification provisions (protecting assignee), compliance with industry standards (e.g., tech startups). Costs: £500-£2,000 for reviewing and minor modifications, £2,000-£5,000 for drafting complex bespoke assignments, £5,000-£20,000+ for large portfolio assignments in M&A. Cost-benefit: £1,000 lawyer review prevents £100,000-£10,000,000 ownership disputes, investment failures, and enforcement losses. Especially valuable for: startups (clean IP for investment), companies buying IP (ensure valid transfer), high-value commercial transactions (£500,000-£50,000,000 deals). DIY acceptable when: Routine employee IP assignments (£1 consideration, standard terms), simple contractor assignments (straightforward work), using professionally-drafted templates customized appropriately, low-value IP (£5,000-£20,000), routine business operations. Recommendation: Use professional template for routine assignments (£10), have lawyer review for first few assignments creating your standard form (£500-£1,000), use lawyer for all high-value or complex assignments (£2,000-£5,000). Book consultation at https://templatesuk.com/book-consultation/ for IP assignment review.

Why We Offer Two Methods

Different users prefer different creation approaches. The Smart Interview guides you through questions step-by-step, perfect for first-time users who want to ensure all critical provisions are included while properly describing IP assets. The Expert Editor shows all fields at once for faster completion, ideal for experienced IP professionals who understand assignment requirements and know exactly what terms they need. Both methods create the exact same legally-valid IP Assignment Agreement - only the creation process differs.