Form Of Reassignment For Valuable Consideration Lic Today

WHEREAS:

1. Introduction A Reassignment for Valuable Consideration is a legal instrument by which a licensee (the original beneficiary of a license) transfers all their rights, interests, and obligations under a license agreement to a third party (the reassignee). Unlike a gratuitous reassignment (gift), “valuable consideration” means the reassignee provides something of monetary or economic value (e.g., cash, debt forgiveness, or other assets) in exchange for the reassignment. form of reassignment for valuable consideration lic

B. The License Agreement permits reassignment with Licensor’s consent, which has been obtained (see Exhibit A). WHEREAS: 1

Reassignor: [Name], with address [Address] (“Assignor”) Reassignee: [Name], with address [Address] (“Assignee”) Assignee has paid Assignor the sum of $[Amount]

C. Assignee has paid Assignor the sum of $[Amount] as valuable consideration for this reassignment.

A. Assignor entered into a License Agreement dated [Date] with [Licensor Name] (“Licensor”) for [describe license, e.g., use of software, trademark, or real estate access].