Ip law question for a layman

I was wondering what exactly this means in layman's terms."If you contacted us with regards to submitting a licensing proposal, we can for legal reasons only accept your submission if you agree to licence all intellectual property rights in it to us. This means that by making a submission you grant Games Workshop a nonexclusive, worldwide, royalty free, irrevocable licence in perpetuity which enables Games Workshop to use your submission for any purpose." I think it means I give them the entirety of my project if I accept it, though I would like to double-check that.

Asked 9 months ago in Alberta
Categories: Internet  Contracts  Entertainment & Media Law  Business Law  Privacy Law  General Legal Questions  Patents, Trademarks, Copyright

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Katherine MacRae

Answer by Katherine MacRae

VerifiedAlberta lawyer

Assuming that is all you receive on submission, then yes, you are assigning licensing rights, for free, to the company.  However, it's non exclusive, meaning you can also license to other companies.

Posted 9 months ago

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