Film Intellectual Property Assignment Agreement
The Film Intellectual Property Assignment Agreement transfers the ownership of ideas or materials or other assets from one person or entity to another. It is often used to buy rights that don’t quite fit in another category or are done as a purchase and not a license. It is often used in lieu of a quitclaim when a person leaves a project.
This is a legal document that details the terms and conditions between a Purchaser and the Intellectual Property Owner.
It covers the essential elements of the relationship such as:
- Date of Recording
- Ownership Rights
- Release Date
- Name of Film Production
- Use Rights of Recording
- And More.
Having the right deal in place is essential to protecting you and your production. Without the right contract in place, you can expose yourself, your company, and your film.
For films, it is essential to document every deal properly to have a clean chain of titles for distribution or acquisition.
Creating a contract ensures that the parties making the agreement will have all the proper terms and conditions laid out in advance of the engagement.
Other names for this Document:
Film Intellectual Property Rights Transfer Agreement, IP Assignment Agreement, IP Rights Sales Agreement, Film Intellectual Property Assignment Contract.
Approximate time to complete contract: 6-7 Minutes
Single-Use Contract Unless Purchased with a Subscription
What Is It?
The Film Intellectual Property Assignment Agreement covers the essential contract terms between a Purchaser and the Intellectual Property Owner.
This standard Film legal contract covers:
- The Start Date of the Agreement
- The name of the Film Production
- The Release of Rights
- The Use Rights of the Recording, including promotion and advertising rights.
- The Rights and Responsibilities of the Parties
- Work-For-Hire Language
- Alternative Dispute Resolution Issues, including Venue & Choice of Law
How to Use This Document
Use this document to explain the relationship between a Purchaser and the Intellectual Property Owner.
Some things needed to build your custom Film Intellectual Property Assignment Agreement:
- Names of the Parties
- Addresses of the Parties
- Emails of the Parties
- Name of the Film Production
- Dates of Recording
- State for Venue and Choice Provisions
Once you have completed drafting the Film Intellectual Property Assignment Agreement, you will be able to save it to edit further, download a PDF or send it to the other party for electronic signature.
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