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Aug 6th, 2022
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[Music] you hello friends Im dr. ramin McCallum I work at the Faculty of Law University of Delhi in this module we shall be talking about assignments and licenses of intellectual property you that is how intellectual property rights could be transferred by the owner to other persons how the owner of intellectual property can invite others in participating in exploitation of the works in which he has intellectual property rights now where do you find licenses and assignments what are the instances of it we find them all around do we find it here in a bottle of coke yes the bottle of the coke that we consume comes to us only through the process of licensing of intellectual property their various licenses or assignments involved in the whole process of manufacturing bottling and consumption of these soft drink bottles then the t-shirt that we were carrying the logo of a famous of a famous character that comes to us through licensing activity only then software that we consume is also su

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The term assignment and license cannot be interchanged. A license is different from an agreement. Generally, in absence of any provision to the contrary, the assignee becomes the owner of the assigned work, whereas in case of a license the licensee gets the right to exercise particular rights only.
Assignment results in a full transfer of IP ownership, whereas licensing affords certain third parties with the right to do something (which they otherwise would be prevented from doing by virtue of the exclusivity of an original IP creators rights), with the original creator maintaining ownership of the IP.
A licence to assign is a landlords permission for a tenant (the assignor) in occupation under a lease to assign the lease to a new incoming tenant (the Assignee). It should be noted that this permission does not necessarily need to be in a formal deed.
The USPTO maintains a patent assignment database that includes all the assignments recorded since August 1980. Using the database, you can search with the assignors or assignees name, the patent number, application number, publication number, or other identifying information.
The key difference between a license and an assignment is that an assignment transfers rights away from the original copyright or patent holder. Whereas the licensor retains ownership of the intellectual property rights, the assignor gives up the rights entirely.
Licensing usually involves licensing of some of the rights and not the whole. Licenses can be exclusive or non-exclusive WHEREAS An assignment involves the disposal of the copyright: the author (assignor) assigns the copyright to another person (assignee) or transfers ownership of the copyright.

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