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    Technology Transfer Agreement


    License your technology and know-how to a manufacturer who will manufacture and sell your products under this Technology Transfer Agreement.

    • The manufacturer is granted an exclusive license to use the technology and know-how within a defined territory.
    • The owner of the technology (the grantor) will provide all required technology, training and technical assistance.
    • The manufacturer will pay the grantor a royalty on each sale of products within the territory.
    • Either party may develop improvements to the products, and must disclose such improvements to the other party.
    • On improvements developed by the manufacturer, the owner will have the exclusive royalty-free license outside the territory, and the manufacturer will have the exclusive royalty-free license inside the territory.
    • The parties will jointly perform verification tests on the products.
    • This is a generic legal form which does not contain references to the specific laws of any country, and can be used in many jurisdictions.
    Download Type: Microsoft Word
    Last Updated: 30-June-2021
    SKU: 592
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    Letter of Intent to Purchase Assets of Business


    Are you in negotiations to purchase the assets of a business? Set down the terms of your offer in writing with this Letter of Intent template.

    • The letter of intent is not a contract and is not legally binding, except as it relates to the negotiations between the parties, such as confidentiality provisions.
    • In this template, the buyer intends to incorporate a new company which will purchase all of the assets and goodwill of the business from the seller.
    • The letter has a built-in expiry date, which will take effect if the parties fail to execute and deliver a formal Purchase & Sale Agreement within a specified number of days.
    • If the buyer is willing to proceed and the seller fails to go through with the transaction, the seller will pay the buyer's costs and a percentage of the purchase price as liquidated damages.

    Putting a Letter of Intent in place indicates to the seller and to other interested parties that you intend to complete the purchase of the business assets and allows the parties to move forward on related matters on that basis. Buy and download the template today.