C. Assignee has paid Assignor the sum of $[Amount] as valuable consideration for this reassignment.
A. Assignor entered into a License Agreement dated [Date] with [Licensor Name] (“Licensor”) for [describe license, e.g., use of software, trademark, or real estate access]. form of reassignment for valuable consideration lic
B. The License Agreement permits reassignment with Licensor’s consent, which has been obtained (see Exhibit A). Assignor entered into a License Agreement dated [Date]
Reassignor: [Name], with address [Address] (“Assignor”) Reassignee: [Name], with address [Address] (“Assignee”) with address [Address] (“Assignor”) Reassignee: [Name]
WHEREAS:
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.