Form Of Reassignment For Valuable Consideration Lic Direct

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

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]. form of reassignment for valuable consideration lic

Reassignor: [Name], with address [Address] (“Assignor”) Reassignee: [Name], with address [Address] (“Assignee”) Assignor entered into a License Agreement dated [Date]

WHEREAS:

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

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.