ASSIGNMENT OF DESIGN

This deed of assignment is made at...........................this 30th day of September 2000 BETWEEN Mr. AB residing at................(hereinafter referred to as the assignor) of the one part and CD Company Pvt. Ltd., a company registered under the Companies Act 1956 and having its Registered Office at…….(hereinafter referred to as the ASSIGNEE) of the other part.
Whereas the assignor has invented and made a new design of a Computer and the same has been registered under the Designs Act 1911 being No. 1140 in the name of the ASSIGNOR as the Proprietor thereof and the particulars whereof with a photocopy of the Design are given in the Schedule he re under.
And whereas the assignee has approached the assignor for the use of the said Design for manufacturing computers and has requested the assignor to assign the said Design to the assignee to enable it to manufacture the Computers of the said Design and the assignor has agreed to assign the said Design to the assignee.
Now these presents WITNESSETH and the parties hereby agrees as follows:
In consideration of the assignee making payment of Rs. 5 lakhs to the assignor on the execution of these presents the receipt whereof the assignor hereby admits the ASSIGNOR doth hereby assign unto the ASSIGNEE all the Assignor's right, title and interest in the said Registered Design to hold the
same unto and to the use of assignee absolutely for the validity period of the said design including extensions thereof.
The assignor hereby covenants with the assignee that the assignor shall whenever requested by the assignee execute at documents and do all acts and things as may be required by the assignee.
The assignor hereby declares that he is the sole proprietor of the said Design and he has the absolute right, title and interest therein to assign the same in favour of the ASSIGNEE.
The ASSIGNOR hereby declares that he has not encumbered the said Design in any manner and has not given any Licence to anybody to use the same.
The assignor hereby agrees and undertakes to execute all and further documents that may be required to vest in the assignee more completely the right, title and interest of the assignor in the said Design and to transfer the name of the assignee in the register maintained by the Controller under
the Designs Act 1911 and also register the said Design in any country where such rights subsist.
The assignor agrees and undertakes to render ail assistance to the ASSIGNEE to prevent infringement of the Design by anybody.
The assignee undertakes to keep the assignor fully indemnified against and harmless from all claims, proceedings, costs, charges and expenses in relation to the use of the Design, the execution of any documents or any proceedings before any Court of Law or authority or Arbitrator or Tribunal.
In witness whereof the parties herein have executed these presents on the day, month and year first above-written.

Signed and delivered by Mr. AB
in the presence of:…………..
1                                                                                                 Signature
Signed, sealed and delivered by 
Mr. XY pursuant to a Board Resolution 
dated 23th September 2000 of CD 
Company Pvt. Ltd. in the presence of:………………..
1		                Signature
2