Free Software Purchase and Assignment Agreement
This agreement outlines the transfer of software and all of its associated intellectual property rights
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An individual/business that owns all of the rights to software can grant licenses to others to allow them to use that software in a limited capacity. However, software, like other possessions, can also be fully transferred from one owner to another. When there is a change in the ownership in software and all associated intellectual property rights, a Software Purchase and Assignment Agreement may be used to document the transfer.
The Software Purchase and Assignment Agreement outlines the details of the change for all parties involved. Whether the seller was hired to create this software for the purchaser, or the purchaser has found software it believes is highly marketable, this agreement will affirm the transfer of the rights.