Essentials of a licensing and an assignment agreement as per Indian Copyright Act 1957.

The following are the essentials of licensing and assignment agreement mentioned under the Indian Copyright Act:

1. The agreement must be in a written and fixed form;
2. The agreement must identify the copyrighted work, and specify the rights being assigned or licensed along with the period and extent of such agreement.
3. The agreement must specify the amount of royalty and any other consideration payable to the author or his legal heirs during the subsistence of the agreement.