A of a license is a powerful but restricted tool. It allows a licensee to monetize or transfer their rights, but only where the original license permits and after obtaining necessary consents. The form must clearly evidence consideration, assign all rights and obligations, and include an assumption of duties by the reassignee. Without careful drafting and compliance with the original license’s terms, the reassignment may be ineffective and expose both parties to legal liability.
INDEMNITY. Assignee shall indemnify Assignor against any claims arising from Assignee’s breach of the License Agreement after the Effective Date. form of reassignment for valuable consideration lic