Assignment of License Template

This assignment of license template has 2 pages and is a MS Word file type listed under our legal agreements documents.

Sample of our assignment of license template:

DEEMED ASSIGNMENT OF LICENSE This Deemed Assignment of License (the "Agreement") is effective [DATE], BETWEEN: [FIRST PARTY] (the "Assignor"), an individual with his main address located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTY] (the "Assignee"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS by License Agreement effective [DATE] (hereinafter referred to as the "License Agreement"), made inter alia between [COMPANY NAME], as Licensor and [COMPANY NAME] as Licensee and [GUARANTOR] as Guarantor, the said Licensor did grant unto the Licensee a license: (a) to use the therein recited trademarks and trade names in the operations of [COMPANY NAME] (the "Company"); (b) in the operations thereunder, to use [COMPANY NAME] distinctive labels, designs, cartons, containers, and advertising material furnished to the Licensee by the Licensor from time to time; and (c) to sell, use and distribute products designated by the Licensor, for a term of [NUMBER] years from the day of [DATE], to the day [DATE], subject to the terms and conditions specifically contained therein; AND WHEREAS the Assignee is the sole shareholder of the Licensee; AND WHEREAS the Assignor has agreed to sell all the shares of the Licensee to the Assignee, who has agreed to purchase same; AND WHEREAS such sale of shares is deemed to be an assignment of the License Agreement pursuant thereto; NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the sum of [AMOUNT] and other good and valuable consideration now paid by the Assignee to the Assignor (the receipt and sufficiency whereof is hereby acknowledged) the Assignor does hereby assign, transfer and set over unto and to the Assignee all of the Assignor's rights, title and interest in and to the License Agreement, together with the residue unexpired of the terms of years in the License Agreement, the whole upon the terms and subject to the conditions of the deed of transfer executed concurrently herewith by the Assignor and the Assignee, a copy of which is annexed hereto.