Legal Due Diligence · glossary
A confirmatory assignment is a short deed in which someone confirms that rights they created, such as copyright in software or a logo, belong to the company, and transfers them if they do not already. It fills a gap that due diligence finds, often work done by a founder or contractor without a written assignment.
A short deed in which someone confirms, and where needed transfers, the copyright in work done earlier. It cures a missing assignment. Sunrise asked for one, before signing, from a 2022 contractor whose code is still in use. Report §7.2 · Chapter 10
Explained in Chapter 10, IP, IT and Data, of Legal Due Diligence.
The cure is a confirmatory assignment. This is a short deed in which the contractor confirms, and where needed transfers, the copyright in his past work. He is usually paid a modest sum for signing it.Read Chapter 10, IP, IT and Data →
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A document that puts on record who owns intellectual property. An assignment of copyright must be in writing and signed by the person assigning it. Without one, a contractor who wrote the code may still own the copyright.
When due diligence shows the company uses IP it may not own. The buyer usually makes the signed deed a condition of completion or a completion document, so the gap is closed before it pays.
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