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    Intellectual Property Transfer Agreement | UK


    Transfer your rights in an invention or patent to a purchaser who will commercially develop and produce the invention in the UK with this Intellectual Property Transfer Agreement.

    • Scope of Agreement. The Transfer Agreement covers the intellectual property being transferred as well as associated documentation and know-how.
    • Support. The inventor will provide ongoing support, assistance and expertise with respect to the transferred property.
    • Security for Payment. The purchaser's solicitors will hold the executed assignments of rights in trust as security for payment of the purchase price.
    • Confidentiality. The inventor agrees not to disclose any confidential information regarding the intellectual property to third parties unless requested to do so by the purchaser.
    • Indemnification. The parties mutually indemnify each other.
    • Termination for Cause. The agreement contains provisions for termination if a milestone is missed or if the purchaser defaults in making a payment.
    • Governing Law. The Intellectual Property Transfer Agreement is governed by the laws of England and Wales and can be used throughout the United Kingdom.
    • How to Obtain the Form. You can download the sample agreement immediately after you have purchased it. Customise it with the details of your transaction and it is ready to sign.
    Download Type: Microsoft Word
    Last Updated: 09-March-2021
    SKU: 4069
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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.

    Technology Transfer Agreement