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In an assignment of copyright rights, the owner sells his or her ownership rights to another party and has no control over how the third party uses those rights. A copyright assignment is sometimes referred to as a sales agreement for copyright.
The key difference between a license and an assignment is that an assignment transfers rights away from the original copyright or patent holder. Whereas the licensor retains ownership of the intellectual property rights, the assignor gives up the rights entirely.
[2] Transfer of copyright ownership is known as an assignment. Unlike a license, which grants another party the ability to exercise certain copyright rights and isn't a complete transfer of ownership of any of the copyright rights, an assignment of a copyright is a full transfer of ownership of the copyright.
Licenses provide authorized usage of copyrighted material, while copyright establishes the ownership and control of intellectual property.