ASSIGNMENT OF INTELLECTUAL PROPERTY RIGHTS
The Parties intend to be legally bound as follows:
In consideration of the amount received from the Client, the Company hereby assigns and releases all intellectual property rights in all designs, formulas, inventions, patterns, copyrights and all original works in the logos. The Company hereby grants the royalty free, irrevocable and perpetual intellectual property rights in the logos.
The Company makes the following warranties and representation to the Client: that the Company is the owner and has the absolute control of the Intellectual Property; that the Company has the full legal authority and capacity to assign the Intellectual Property to the Client; that the Company possess the entire control of the rights in which the Company is providing under this Agreement; that the Company has the full legal authority to grant Client the Intellectual Property Rights to use the Intellectual Property in the Logo and that there are no restrictions, threatened or existing legal claims, or any legal impediments that may prevent the Company from entering into this Agreement; and that the Intellectual Property does not infringe on any third party intellectual property rights.
The Parties execute this Agreement as follows:
Name: ______________________
Signature: _______________________
Date: ________________________
Name: ______________________
Signature: _______________________
Date: ________________________
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