Drafting Considerations For Transferring Your Technology Contract

Want to learn more about drafting, negotiating, and understanding intellectual property and technology contracts and have 10 minutes to spare? Grab your morning coffee or afternoon tea and dig into our Tech Contract Quick Bytes – small servings of technical contract insights expertly prepared by our seasoned attorneys. This month, we're dishing up an explainer on transferring your technology contract.

An assignment or transfer (right) clause in a technology contract can be crucial. The clause must be drafted accurately while also ensuring that any allowances or restrictions on assignment or transfer apply. Because many technology contracts include license grants to intellectual property (IP), it's important to abide by rules regarding assigning or transferring licensed IP. Following are some general rules for assigning or transferring technology contracts, rules specific to IP licenses, and a few drafting considerations for technology contracts.