Legal19 Mar 2026, 07:30 pm
Bluegod Entertainment Limited Halts Intellectual Property Transfer Over Legal Restraint
AI Summary
Bluegod Entertainment Limited, in compliance with an ad-interim order from the Hon’ble High Court of Delhi, has decided not to proceed with signing and executing an Intellectual Property Assignment Agreement with Absolute Legends Sports Private Limited. The order, dated March 18, 2026, restrains Absolute Legends Sports Private Limited from creating any third-party rights or transferring, assigning, or otherwise dealing with the media and commercial rights relating to the Legends League Cricket Master T20 tournament. This decision comes after a Term Sheet was executed between the two parties to outline the primary terms and conditions for the assignment agreement.
Key Highlights
- Bluegod Entertainment Limited decided not to proceed with the Intellectual Property Assignment Agreement with Absolute Legends Sports Private Limited
- The Hon’ble High Court of Delhi passed an ad-interim order restraining Absolute Legends Sports Private Limited from dealing with Legends League Cricket media and commercial rights
- The order was in response to a Term Sheet between Bluegod Entertainment Limited and Absolute Legends Sports Private Limited for an Intellectual Property Assignment Agreement
- Bluegod Entertainment Limited owns and controls the Intellectual Property and Intellectual Property Rights relating to Legends League Cricket
- The decision was made to comply with the ad-interim order from the Hon’ble High Court of Delhi