SMS Assignment Of Intellectual Property

Aug 6th, 2022
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How to SMS Assignment Of Intellectual Property

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In this module, Dr. Raman Methyl from the Faculty of Law, University of Delhi, discusses the assignments and licenses of intellectual property (IP). He explains how IP rights can be transferred by the owner to others and how these rights allow for participation in the exploitation of these works. Dr. Methyl emphasizes the presence of licenses and assignments in everyday products, such as Coca-Cola bottles, which are produced through licensing processes. He also highlights that trademarks on t-shirts and software are examples of licensing activities that facilitate consumer access to branded goods.

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Assignment of intellectual property (IP) means the process by which ownership of some creative work made for a company/organisation/person by an innovator is transferred to the entity which commissioned the said work.
There are four types of intellectual property rights (IP): patents, trademarks, copyrights, and trade secrets.
Patents, trademarks, copyrights, and trade secrets are valuable assets of the company and understanding how they work and how they are created is critical to knowing how to protect them.
Essentially, an assignment transfers the title in the IP for the period of the assignment. Once rights are validly assigned, the assignee can deal with the IP as the exclusive owner thereof, and can therefore reassign the rights, or exploit the assigned rights in any manner.

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