When a software program is developed by a computer company, it is legally their intellectual property until they transfer the ownership and complete rights to the client or the customer who asked for creating of the software program. In order to complete the ownership and transfer, the development company and the client sign an agreement together which shows that the client has paid for the services and in exchange, the company has given the software to the client with all rights and this agreement is known as the assignment of all rights in computer software agreement.
Brief Description of Assignment of all rights in Computer Software Agreement:
When it comes to computer software programs and other IT fields, plagiarism is very much possible even if you take great care of your development process and corporate secrets. This is why when a client approaches a company to develop computer software for him, until the program is handed over to the client, it is legally the property of the company and without any legal proof, and the client or any other company can’t claim the ownership on the software. This process is very sensitive as a simple or tiny mistake can lead to a huge dispute in which it will be difficult and complicated to evaluate which party is lying and if the client is right or the company has authenticated claims. It is very simple to understand that if as a client, you have hired a company to develop a software program for you and when it was completed, you took it without any legal proof or ownership or assignment of legal rights to the software, it is possible that the company claims to have the ownership of the software even if you have paid them in full amount.
In order to make sure that each party stays loyal to others and rights of everyone are secure and protected, this legal agreement is signed between the client and the company at the time of transferring the rights of the software program to the client by the development company. Typically, this agreement includes the name of both parties, the details of the software program, duration in which the company finished the project, details of rates and payments made to the company, specifications of the software program, assignment of rights to the new owner and legal obligations and rights of each party with signing the agreement.
Here is preview of a Free Sample Computer Software Rights Agreement Template created using MS Word,
Key Elements to add in the Assignment of all rights in Computer Software Agreement:
- Name of the client
- Name of the software company
- Details of computer software developed by the company
- Specifications and particulars about the software
- Rates and payment details for the services
- Terms and conditions of the agreement
- Mutually agreed clauses of the agreement
- Details of rights on the software for the client
- Permission of transfer of the rights from the software development team
- Termination and validation of the agreement
- Results of violation of the agreement
- Legal obligations of the software company
- Signature of both parties
Here is download link for this Computer Software Rights Agreement Template,