Form Of Reassignment For Valuable Consideration Lic Official

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.

B. The License Agreement permits reassignment with Licensor’s consent, which has been obtained (see Exhibit A). form of reassignment for valuable consideration lic

WHEREAS:

Reassignor: [Name], with address [Address] (“Assignor”) Reassignee: [Name], with address [Address] (“Assignee”) with address [Address] (“Assignor”) Reassignee: [Name]

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