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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.
- This is a generic template that can be used anywhere.
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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.
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Technology Assignment Agreement
Transfer technology and associated intellectual property to another party under this Technology Assignment Agreement.
- The developer of the technology also assigns all of its moral rights, to the extent allowable by law.
- In exchange for the assignment, the assignee issues the developer shares in the assignee's company.
- The developer agrees not to disclose any information about the technology or intellectual property to third parties.
- You can edit the Assignment of Technology Agreement to tailor it to your exact circumstances.
- This is a generic legal form that does not contain country-specific language.
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