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Assignment Of License Agreement

Assignment Of License Agreement Template for Malaysia

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Key Requirements PROMPT example:

Assignment Of License Agreement

"I need an Assignment of License Agreement for transferring software licensing rights from our Malaysian subsidiary to our parent company in Singapore, including provisions for ongoing technical support until March 2025."

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Document background
The Assignment Of License Agreement is a crucial document used when a licensee needs to transfer their licensed rights to another party under Malaysian law. This typically occurs during corporate restructuring, mergers and acquisitions, or strategic business realignments. The document ensures compliance with Malaysian legal requirements while facilitating the smooth transfer of license rights. It includes essential elements such as party details, assignment terms, warranties, and necessary consents, particularly addressing requirements under Malaysian intellectual property law, the Contracts Act 1950, and relevant regulatory frameworks. The agreement is designed to protect all parties' interests while ensuring the continued validity of the original license terms.
Suggested Sections

1. Parties: Identification of the Assignor (current licensee), Assignee (new licensee), and where required, the original licensor

2. Background: Details of the original license agreement and the context for the assignment

3. Definitions: Definitions of key terms used throughout the agreement

4. Assignment: Core provision transferring the license rights from Assignor to Assignee

5. Consideration: Details of the payment or other consideration for the assignment

6. Effective Date: Specification of when the assignment takes effect

7. Assignor's Warranties: Warranties regarding the license rights, authority to assign, and absence of encumbrances

8. Assignee's Covenants: Assignee's commitment to comply with the original license terms

9. Governing Law: Specification of Malaysian law as the governing law

10. Execution: Signature blocks and execution formalities

Optional Sections

1. Licensor Consent: Required when the original license agreement requires licensor's consent for assignment

2. Intellectual Property Rights: Detailed section needed when the license involves multiple types of IP rights

3. Regulatory Compliance: Required when the assignment needs specific regulatory approvals or registrations

4. Confidentiality: Include when confidential information is being transferred as part of the assignment

5. Tax Provisions: Required when there are specific tax implications or arrangements

6. Third Party Rights: Include when the assignment affects or requires cooperation from third parties

7. Post-Assignment Support: Include when the assignor needs to provide transition assistance

8. Dispute Resolution: Optional detailed dispute resolution procedures beyond standard court jurisdiction

Suggested Schedules

1. Original License Agreement: Copy of the license agreement being assigned

2. Licensed Rights: Detailed description of the intellectual property rights covered by the license

3. Payment Terms: Detailed breakdown of consideration and payment schedule

4. Existing Obligations: List of ongoing obligations under the license agreement

5. Required Consents: Copies of third-party consents and regulatory approvals

6. Transition Plan: If applicable, detailed plan for transitioning the license to the assignee

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions





















Clauses























Relevant Industries

Technology and Software

Manufacturing

Pharmaceuticals

Biotechnology

Media and Entertainment

Telecommunications

Retail and Consumer Goods

Research and Development

Education

Healthcare

Relevant Teams

Legal

Intellectual Property

Commercial

Business Development

Compliance

Corporate Strategy

Research and Development

Operations

Finance

Risk Management

Relevant Roles

Legal Counsel

Intellectual Property Manager

Licensing Director

Commercial Director

Business Development Manager

Contract Manager

Compliance Officer

Chief Legal Officer

Chief Technology Officer

Chief Executive Officer

Intellectual Property Lawyer

Corporate Lawyer

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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