The Intellectual Property (IP) Sales Agreement (also known as Intellectual Property Assignment or Intellectual Property Transfer Agreement) is used for the transfer of ownership of intellectual property rights from one party to another. The transfer of these assets includes all rights, title, patents and trademarks, and specifies that the Buyer may thereafter commercially develop and market the intellectual property.
This agreement contains provisions specifically adapted to intellectual property and is not intended for a typical sales transaction. You should use this template when purchasing or selling intellectual property, as it clearly identifies what rights
1. DEFINITIONS
2. SALE AND ASSIGNMENT OF INTELLECTUAL PROPERTY
3. CONSIDERATION
4. REPRESENTATIONS AND WARRANTIES
5. ATTORNEY'S FEES
6. ENTIRE AGREEMENT
7. AMENDMENT
8. SEVERABILITY
9. NO WAIVER
10. AGREEMENT TO PERFORM NECESSARY ACTS
11. REPRESENTATION ON AUTHORITY OF PARTIES/SIGNATORIES
12. HEADINGS
13. SURVIVAL
14. AMBIGUITIES
15. GOVERNING LAW and ownership are being transferred.
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