Hi I hired a contractor to help me develop a computer program. I'm in the US and the freelance contractor is located internationally[UK]. We made a contract for work and regards to IP these are the relevant clauses:
Project output remains the property of [freelancer] until agreed upon payment is given to [freelancer]
The client is given ownership of all intellectual property of anything relating the project, but provides [freelancer]a license to make use of any programming implemented in the project by [freelancer] in any other products of services that [freelancer]chooses, with the exception of products or services that directly compete with the client's product or service.
So do I as the client with this wording of the contract have all exclusive copyright rights etc to the project? Is the freelancer simply a licensee to me the copyright holder, or is the freelancer another copyright holder? This agreement was made in writing via email. As the contract involves copyright ownership do I need an actual physical signature for it to be valid?