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Intellectual Property Purchase Agreement
1. Parties: Identification of the seller and purchaser of the intellectual property, including full legal names, registration numbers, and addresses
2. Background: Context of the transaction, brief description of the intellectual property being transferred, and the parties' intention to enter into the agreement
3. Definitions: Detailed definitions of key terms used throughout the agreement, including specific IP definitions
4. Sale and Purchase: Core transaction terms, including the exact scope of IP being transferred and confirmation of absolute sale
5. Purchase Price: The agreed purchase price for the IP and payment terms
6. Completion: Details of when and how the transfer will be completed, including any conditions precedent
7. Seller's Warranties: Warranties regarding ownership, validity, and non-infringement of the IP rights being sold
8. Tax: Treatment of any tax implications arising from the transaction
9. Further Assurance: Obligations to execute additional documents or take further actions necessary to perfect the IP transfer
10. Confidentiality: Provisions regarding the confidential treatment of transaction details and any associated know-how
11. Notices: Process for serving formal notices under the agreement
12. Governing Law and Jurisdiction: Confirmation of Danish law as governing law and jurisdiction for disputes
1. Earn-out Provisions: Used when part of the purchase price is contingent on future performance or exploitation of the IP
2. Transitional Services: Include when the seller needs to provide support or knowledge transfer for a period after completion
3. Employee and Consultant Obligations: Required when IP creators or key personnel need to confirm assignment of rights or provide ongoing assistance
4. Grant-back License: Used when the seller requires continued limited use of the transferred IP
5. Competition Restrictions: Include when there's a need to restrict the seller's future activities to protect the purchased IP
6. Third Party Consents: Required when the IP transfer requires approval from third parties
7. Registration and Recordal: Include for registered IP rights requiring formal transfer at IP offices
1. Schedule 1 - Intellectual Property Rights: Detailed list and description of all IP being transferred, including registration numbers where applicable
2. Schedule 2 - Excluded Assets: List of any IP or associated rights specifically excluded from the transfer
3. Schedule 3 - Registered Rights: Details of all registered IP rights including patents, trademarks, and designs
4. Schedule 4 - Unregistered Rights: Inventory of unregistered IP including copyright works, know-how, and trade secrets
5. Schedule 5 - Encumbrances: List of any existing licenses, security interests or other encumbrances affecting the IP
6. Schedule 6 - Third Party Agreements: List of relevant third-party agreements related to the IP being transferred
7. Appendix A - Form of Assignment Deed: Template deed for formally assigning the IP rights
8. Appendix B - Transfer Documents: Forms and documents required for recording the transfer at relevant IP offices
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