Travis Texas Assignment of Rights in Computer Software — With Reservations is a legal document that outlines the transfer of ownership rights and intellectual property rights from one party to another in relation to computer software. This type of agreement is often used in the technology industry when developers, programmers, or software companies want to assign their rights to another party while still retaining certain reservations. The Travis Texas Assignment of Rights in Computer Software — With Reservations document includes several key components. Firstly, it specifies the involved parties, such as the original software owner (assignor) and the receiving party (assignee). It also identifies the software that is being transferred, including any copyright or patent information. The agreement outlines the exact rights being assigned, which may include exclusive or non-exclusive rights, distribution rights, modification rights, or sublicensing rights. The assignee gains the authority to use, sell, reproduce, or modify the software as specified in the agreement. However, the document also includes reservations that the assignor wishes to retain. These reservations could involve limitations on the assignee's ability to make significant modifications or additions to the software, restrict sublicensing rights, or impose conditions on the software's use. Different types of Travis Texas Assignment of Rights in Computer Software — With Reservations agreements may exist depending on the specific circumstances and requirements of the parties. Some examples include: 1. Exclusive Assignment of Rights with Reservation: This agreement grants exclusive rights to the assignee, meaning that no other party can exercise the assigned rights. The assignor may reserve limited rights, such as the ability to use the software for personal use or restrict the assignee's ability to transfer ownership. 2. Non-Exclusive Assignment of Rights with Reservation: In this case, the assignor grants non-exclusive rights to the assignee, allowing multiple parties to use the software. The assignor retains certain reservations, like the right to continue developing or distributing the software independently. 3. Limited Assignment of Rights with Reservation: This type of agreement involves assigning only specific rights to the assignee while reserving the remaining rights to the original owner. The assigned rights may be limited to certain territories or for a specific period of time. In conclusion, a Travis Texas Assignment of Rights in Computer Software — With Reservations is a legal document used to transfer ownership and intellectual property rights of software from one party to another while retaining certain reservations. The specific terms and conditions may vary depending on the parties involved and the desired scope of the assignment.