A method, system and device for transferring usage rights associated with digital works, including generating, by a first party, first usage rights and hierarchical rights for a digital work, the first usage rights defining a use for the digital works, the first hierarchical rights specifying rights to derive usage rights or other hierarchical rights; presenting the first usage rights and hierarchical rights to a second party; receiving a selection from the second party indicating desired rights of the first usage rights and hierarchical rights; and granting the desired rights of the first usage rights and hierarchical rights to the second party.