[Law firm Veat_Platum Column] The Difference Between Assignment and License of Intellectual Property Rights

Law firm Veat's Technology Intellectual Property (TIP) team addressed the difference between assignment and licensing of intellectual property, as something to read before creating NFTs, through Platum, a magazine specializing in startups.

To create NFTs using someone else's objects or copyrighted works, you must either obtain an assignment of copyright from the copyright holder or obtain a license to use it. This column details the differences between assignment and licensing of copyright.

Veat's TIP team explained the assignment and licensing of copyright, dividing them into major categories, through the column published on Platum, and provided information so that you can understand in detail the important matters of copyright contracts by pointing out key points when proceeding with copyright assignment. You can check the full column through [해당링크].

When assigning, it is necessary to clearly define the scope and limitations of the copyright being assigned, and both the assignor and assignee must accurately understand which rights are included in the assignment contract. In particular, important matters for copyright assignment must be written clearly and accurately in the contract, and legal issues related to copyright must be considered. Therefore, we recommend seeking advice from a copyright legal expert when considering copyright assignment to minimize risks that may occur during the copyright assignment process.

Veat’s TIP team provides in-depth and professional legal advice on complex copyright issues and provides legal consulting and litigation advice on copyright, trademark, patent, design rights, and unfair competition prevention law in the latest technology fields such as NFT, metaverse, and games. The TIP team is composed of experts with professional knowledge and practical experience who can handle complex copyright and intellectual property issues, centered on attorney Oh Seung-jong, who served as chairman of the Copyright Committee, attorney Choi Seong-ho, selected as the 'Leading Lawyer' in the TMT field of Legal Times, attorney An Il-woon, who is active as a community specialist of the Korean Copyright Committee, and attorney Jeon Yong-hwan, who has extensive experience in ICT regulatory sandbox and pilot service legislation consulting.

Thank you.

Law firm Veat