The Assignment Of License Agreement is a crucial document used when a current license holder needs to transfer their license rights to another party under Indonesian law. This typically occurs during corporate restructuring, mergers and acquisitions, or strategic business realignment. The document must comply with Indonesia's strict intellectual property regulations, including mandatory registration requirements with the Directorate General of Intellectual Property. It outlines the terms of transfer, including any continuing obligations, warranties, and representations, while ensuring all necessary regulatory approvals are obtained. The agreement is particularly important in Indonesia's developing IP landscape, where proper documentation and registration of IP transfers are essential for legal enforcement and protection.
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1. Parties: Identification of the Assignor (current license holder) and Assignee (recipient of the license rights), including full legal names, registration numbers, and addresses
2. Background: Context of the original license agreement, reason for assignment, and brief description of the licensed intellectual property
3. Definitions: Definitions of key terms used in the agreement, including 'License Agreement', 'Licensed IP', 'Effective Date', and other relevant terms
4. Assignment: Core provision transferring all rights, title, and interest in the license from Assignor to Assignee
5. Consideration: Details of payment or other consideration for the assignment
6. Effective Date: Specification of when the assignment takes effect
7. Assignor's Representations and Warranties: Warranties regarding ownership, right to assign, validity of license, no breaches, etc.
8. Assignee's Obligations: Commitment to comply with original license terms and conditions
9. Consent and Approvals: Confirmation of obtaining necessary third-party consents, including from the original licensor
10. Registration and Recordal: Requirements for recording the assignment with relevant authorities
11. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction for disputes
12. Execution: Signature blocks and execution requirements
1. Original Licensor Acknowledgment: Section for original licensor's formal acknowledgment of the assignment, if required by the original license agreement
2. Tax Provisions: Specific provisions regarding tax implications and responsibilities, particularly relevant for high-value assignments
3. Continuing Guarantees: Where the Assignor provides ongoing guarantees regarding the license or licensed IP
4. Transition Provisions: Procedures for handover of licensed materials, documentation, and related rights
5. Non-Competition: Restrictions on Assignor's future activities, if relevant to protecting the assigned license value
6. Confidentiality: Specific confidentiality obligations beyond those in the original license
7. Insurance: Requirements for maintaining specific insurance coverage, if required by original license
8. Export Control: For licenses involving technology or products subject to export controls
1. Original License Agreement: Copy of the original license agreement being assigned
2. Licensed IP Details: Detailed description of the intellectual property covered by the license
3. Consideration Details: Payment terms, installments, and any adjustments
4. Required Consents: Copies of all third-party consents obtained
5. Transfer Documents: Forms and documents required for regulatory registration of the assignment
6. Existing Encumbrances: List of any existing encumbrances or limitations on the license
7. Handover Schedule: Timeline and process for transitioning license rights and materials
Relevant legal definitions
Clauses
Relevant Industries
Technology
Manufacturing
Pharmaceuticals
Software Development
Telecommunications
Media and Entertainment
Consumer Goods
Industrial Products
Biotechnology
Automotive
Energy
Fashion and Retail
Relevant Teams
Legal
Intellectual Property
Compliance
Business Development
Technology Transfer
Corporate Affairs
Risk Management
Commercial Operations
Research and Development
Mergers and Acquisitions
Relevant Roles
Legal Counsel
Intellectual Property Manager
Licensing Director
Chief Legal Officer
Business Development Manager
Contract Manager
Chief Technology Officer
Intellectual Property Counsel
Compliance Officer
Commercial Director
General Counsel
Technology Transfer Officer
Corporate Secretary
Risk Management Officer
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