Acquisition Agreement for Co-Ownership Rights in Software

Obtain a co-ownership interest in software under development with this Acquisition Agreement for Co-Ownership Rights in Software.

• The purchaser is acquiring the interest in the software from the developer in exchange for investing funds to complete the development of the software.
• The purchaser also obtains the patent rights to the software.
• Each party retains all rights to its own subsequent modifications to the software.
• The purchaser covenants not to compete with the software developer.
• The purchaser grants the developer a worldwide non-exclusive royalty-free license to use the patent rights.

This Acquisition Agreement for Co-Ownership Rights in Software is generic and does not include specific references to the laws of any country. The template can be easily customized to fit your circumstances.