Assignment and Assumption Agreement
Category: 270 Legal Recent Posts, Assignment, Assumption, Entertainment Agreements, Film
ASSIGNMENT AND ASSUMPTION AGREEMENT
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1. Assignment And Grant of Rights: Assignor hereby irrevocably grants, sells, assigns, conveys and sets over to Assignee in perpetuity, throughout the world, all of Assignor’s right, title and interest of every kind and nature in and to the Project, and any and all underlying material, life story rights, titles, themes, characters, screenplays, stories, treatments, and outlines related too any of such projects, and all translations, adaptations, revisions, sequels and other versions thereof and any other material of any kind pertaining or related to any of such projects, whether now owned or hereafter acquired by Assignor (collectively, the “Properties”), including, without limitation, all of Assignor’s rights to produce, distribute, exhibit, exploit and advertise in any and all media now known or hereafter devised, motion pictures based on the Properties and all copyrights and copyright interests relating thereto (in the United States and its possessions, and all foreign territories, whether statutory or common law, and any renewals and extensions thereof) and any right to receive revenue or other benefits from the Properties; and (ii) each of the contracts, agreements, assignments, documents and instruments entered into by Assignor that pertain to any of the Properties, including, without limitation, those contracts, agreements, assignments, documents and instruments made or entered into in connection with the Project, and the results and proceeds thereof (the “Assigned Agreements”), subject to such restrictions, if any, on such rights as are contained in the Assigned Agreements or any applicable and binding collective bargaining agreements.
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