Assignment of Design Rights​

The document typically details the design in question, including any relevant registration numbers, and provides an effective date for the transfer of rights. It also often includes warranties by the assignor that they have the right to transfer the design and that it does not infringe on any third-party rights.

Additionally, the agreement may specify any payments or royalties involved and outline the consequences of any breaches. This type of agreement is crucial for businesses looking to maintain exclusive rights to a design for competitive advantage in the market.