Frequently Asked Questions
The fundamental distinction between the two is that whereas an Assignment conveys all of the Assignor’s rights to their IP and assigns it to the Assignee, a Licence permits the Licensor to retain their rights and interest in their IP.
No, you will transfer all of your rights to the subject matter in favour of the assignee under the terms of the Assignment.
No. You should then sign the licencing agreement.
The applicable Stamp Duty Act, which varies by state, must be followed while stamping the document.
No, unless you specifically state so in the IP Assignment Agreement, you cannot reverse the transfer.