Document background
An Assignment Of License Agreement is used when a licensee wishes to transfer their rights and obligations under an existing license agreement to a third party. This document is crucial in Belgian business practice where such transfers must comply with specific civil code provisions and intellectual property regulations. The agreement typically becomes necessary during corporate restructuring, mergers and acquisitions, or strategic business realignments. It must address Belgian law requirements for contract assignments, including original licensor consent, registration of IP rights transfers, and competition law considerations. The document includes detailed provisions on the transfer of rights, assumption of obligations, warranties, and indemnities, while ensuring compliance with both Belgian national law and relevant EU regulations. Special attention is paid to formalities required under Belgian law for the effective transfer of different types of intellectual property rights.
