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A Copyright Assignment Agreement is a legal document that contains the terms of the transfer of copyright ownership rights from one person/party to another. It must be in writing and signed by the owner or its authorized agent. The Agreement contains ownership and transfer records and protects the rights of all parties. The person who acquires the rights is referred to as the Assignee and the person who sells his rights is referred to as the Assignor. The Assignee pays the Assignor the fees for obtaining the rights.
The assignment agreement must be in writing and should outline both parties rights and obligations.
Both parties must sign the agreement in the presence of at least two witnesses.
The agreement, along with the required fee, must be filed with the Copyright Office.
If the agreement is found to be acceptable, the Copyright Office will register the assignment.
The benefit of this Agreement is that the payment is guaranteed as agreed upon by the parties. The Agreement protects the parties' rights.
The new owner may have more resources and connections than the original owner to distribute the work more widely.
The new owner assumes the risks associated with the work's use and distribution, reducing the original owner's liability.
The original owner can concentrate on creating new works, secure in the knowledge that their existing work is in good hands.
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