Question

Orchid and Peony enter into a contract for the sale of Orchid's textbook at the end of the fall semester for which Peony agrees to pay Orchid $75. Peony wants to transfer her right to payment for the book to Queenie. This transfer
a. is prohibited

b. may be oral or written

c. must be implied

d. must be in writing

Answer 1

The given transfer must be in writing or assignment .

Option D

Explanation:

An assignment arrangement is a contract that assigns to the client, holder of the IP, all or part of the intellectual property rights, by the owner of the IP, including that of the right to prohibit others from exercising the assigned rights. To put it simply, IP distribution is the transfer of IP.

In adherence to the Indian Agreement Act, 1872, an Assignment Contract should be signed and, if necessary, it must be properly marked in compliance with the Indian Stamp Act, 1899.  

Clear laws covering special forms of IP specifies what privileges are permitted under the statute, whether, and to what degree. The IP service process ranges from registering or not to managing the IP.