IP Rights Sale Agreement: in invention or process
Template: IP Rights Sale Agreement: in invention or process
Introduction to IP rights sales templates
"This agreement is for the sale of limited rights to a piece of intellectual property, whether an invention or a technological innovation or software.
It provides for a single and final payment for the purchase, and once sold, the buyer can use the IP in whatever way he or she wishes.
The nature of the IP being sold is not important to the suitability of this document for your use. It could be a stand-alone consumer product, a component in another product, a manufacturing process, software, or something that improves something else.
The product or device or invention could rely to some extent on other IP, which is used in other applications or which is not owned by the developer or inventor.
Therefore as well as an agreement for sale, this document includes optional terms for a licence or sublicence of that other component IP.
The following are examples of situations in which it might be used.
A small computer game developer wishes to sell a complete console game to a larger one. Some of the code is sublicensed from third parties, so the rights to those parts cannot be sold entirely. Additionally, the writer has developed functionality that he wishes to reuse in other games. Using this sale agreement, he can sell the rights to the game, limited to those that he owns and that he doesn't want to keep.
A navigation systems supplier wants to sell the IP in an unmanned aerial vehicle to a defence systems manufacturer. However, it also wants to keep ownership of parts of the platform that could be used in road vehicles."
Detailed guidance notes are provided with each template. Net Lawman offers a money back guarantee if the document is not what you need, as well as a legal review option if you want some professional assistance when you are drawing up your documents.
Notice:
The documents menus are designed to describe the documents, but please be sure that you check them over carefully to ensure that they do meet your needs. All documents are subject to Net Lawman's Terms and Conditions, which we ask you to read before you purchase any documents.
We are pleased to be supported by Net Lawman.co.uk as a leading independent online provider of ready-to-use legal documents for business users.
Net Lawman is a founding member of the Association of Publishers of Online Legal Documents (APOD).
APOD exists to:
- promote the sale of online legal and business document templates;
- educate the public about the need for legal documents to protect their interests, and in the online availability of professionally written and affordable template contracts;
- promote and represent the interests of the Association and its members;
- ensure professional standards for customers and the public in accordance with the APOD Code of Practice.
We always welcome your feedback so please do let us know what else you would like to know about using this Form.