Document background
The Confirmatory Assignment Agreement is a crucial document in Swiss legal practice, typically employed when there is a need to formally document and confirm a transfer of rights that has already taken place. This might occur in various contexts, such as when an employee has created intellectual property during employment, when a company has acquired assets through a merger, or when rights have been transferred through operation of law. The agreement serves to eliminate any uncertainty about the ownership of the transferred rights and provides a clear record for future reference. Under Swiss law, such confirmation is particularly valuable as it helps establish clear chain of title and can be essential for enforcement of rights or future transactions. The document typically includes detailed descriptions of the transferred rights, the circumstances of the original transfer, and various representations and warranties from the assignor confirming their right to make the transfer.
