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Intellectual Property Sale Agreement
"I need an Intellectual Property Sale Agreement for the sale of our AI software patents and related trade secrets to a Singapore-based tech company, with completion scheduled for March 2025 and including provisions for post-sale technical support."
1. Parties: Identification and details of the seller and purchaser
2. Background: Context of the IP sale and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core terms of the transfer including price and payment terms
5. IP Description: Detailed description of intellectual property being sold
6. Warranties and Representations: Seller's guarantees regarding ownership and rights
7. Completion: Transfer mechanics and timing
1. Transitional Services: Support services provided post-sale - include when seller needs to provide ongoing support
2. Employee/Contractor Provisions: Treatment of related personnel - include when IP creators are involved
3. Cross-License: Licensing back certain rights to seller - include when seller needs continued use of IP
1. Schedule 1: IP Assets: Detailed list of all IP being transferred
2. Schedule 2: Registered Rights: List of registrations and applications
3. Schedule 3: Existing Licenses: Details of current licenses affecting the IP
4. Schedule 4: Transfer Documents: Forms and documents required for transfer
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