¶¶Òõ¶ÌÊÓƵ

All Countries
Mergers & Acquisitions
Intellectual Property Asset Purchase Agreement

Intellectual Property Asset Purchase Agreement Template for India

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Intellectual Property Asset Purchase Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Intellectual Property Asset Purchase Agreement

"I need an Intellectual Property Asset Purchase Agreement for the sale of a software patent portfolio and related trade secrets from my Indian tech startup to a US-based corporation, with completion planned for March 2025 and including provisions for ongoing technical support."

Celebrated by
Collaborations with
Investors
Document background
The Intellectual Property Asset Purchase Agreement is a crucial document used when one entity wishes to acquire ownership of intellectual property assets from another entity in India. This agreement is essential for transactions involving the transfer of various forms of IP including patents, trademarks, copyrights, trade secrets, and related rights. It is designed to comply with Indian intellectual property laws, including the Patents Act 1970, Trade Marks Act 1999, and Copyright Act 1957, while addressing specific requirements for IP asset transfers under Indian contract law. The document is particularly relevant in scenarios involving corporate acquisitions, technology transfers, or strategic IP portfolio purchases, providing comprehensive coverage of asset identification, valuation, warranties, and post-transfer obligations. It includes necessary provisions for regulatory compliance, tax implications, and dispute resolution under Indian jurisdiction.
Suggested Sections

1. Parties: Identification of the seller and purchaser, including full legal names, registration details, and addresses

2. Background: Context of the transaction, brief description of the IP assets, and purpose of the agreement

3. Definitions: Detailed definitions of terms used throughout the agreement, including specific IP-related terminology

4. Sale and Purchase: Core transaction terms, including clear statement of transfer of ownership and purchase price

5. Consideration: Details of the purchase price, payment terms, and any adjustments or earn-out provisions

6. Completion: Timing and mechanics of the transfer, including conditions precedent and completion obligations

7. Seller's Representations and Warranties: Warranties regarding ownership, validity, and non-infringement of IP assets

8. IP Specific Warranties: Detailed warranties about registration status, maintenance fees, licenses, and encumbrances

9. Title and Risk: Provisions regarding transfer of title and assumption of risk related to the IP assets

10. Further Assurance: Obligations to execute additional documents and assist with IP rights transfer

11. Confidentiality: Provisions protecting confidential information exchanged during the transaction

12. Indemnification: Indemnity provisions for breach of warranties or third-party claims

13. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes

14. General Provisions: Standard boilerplate clauses including notices, amendments, and severability

Optional Sections

1. Transition Services: Required when the seller needs to provide support services post-completion

2. Employee and Consultant Obligations: Needed when IP assets involve employee or consultant-created intellectual property

3. Tax Provisions: Detailed section required for complex transactions with significant tax implications

4. Foreign Investment Compliance: Required when the transaction involves foreign parties or cross-border elements

5. License Back Provisions: Needed when seller requires continued use of certain IP assets

6. Competition Compliance: Required when the transaction might have competition law implications

7. Security Interest: Needed when payment is deferred or there are ongoing obligations

8. Escrow Arrangements: Required when part of the payment or assets need to be held in escrow

9. Third Party Consents: Needed when IP assets are subject to third-party rights or licenses

Suggested Schedules

1. Schedule 1 - IP Asset Register: Comprehensive list and details of all IP assets being transferred

2. Schedule 2 - Registered IP: Details of all registered IP including registration numbers and jurisdictions

3. Schedule 3 - Unregistered IP: Description of unregistered IP assets including trade secrets and know-how

4. Schedule 4 - Existing Licenses: List of all existing licenses, including in and out licenses

5. Schedule 5 - Encumbrances: Details of any existing encumbrances on the IP assets

6. Schedule 6 - Transfer Documents: Forms and documents required for recording the transfer of registered IP

7. Schedule 7 - Completion Obligations: Detailed list of actions required at completion

8. Appendix A - Power of Attorney: Power of attorney for executing IP transfer documents

9. Appendix B - IP Assignment Deeds: Specific assignment deeds for different types of IP assets

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions


























































Clauses















































Relevant Industries

Technology

Pharmaceuticals

Biotechnology

Media and Entertainment

Manufacturing

Software Development

Research and Development

Consumer Products

Healthcare

Telecommunications

Automotive

Fashion and Luxury Goods

Publishing

Gaming

Industrial Design

Relevant Teams

Legal

Intellectual Property

Corporate Development

Research & Development

Finance

Compliance

Business Development

Technology Transfer

Innovation

Mergers & Acquisitions

Risk Management

Strategy

Relevant Roles

Chief Legal Officer

Intellectual Property Counsel

Legal Director

Corporate Lawyer

IP Portfolio Manager

Chief Technology Officer

Research & Development Director

Chief Executive Officer

Chief Financial Officer

Business Development Director

Licensing Manager

Patent Attorney

Trademark Attorney

Corporate Development Manager

Innovation Director

Mergers & Acquisitions Manager

Technology Transfer Officer

IP Valuation Specialist

General Counsel

Compliance Officer

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Customer List Purchase Agreement

An Indian law-governed agreement for the sale and purchase of customer lists, including data protection compliance and usage terms.

find out more

Brand Purchase Agreement

An Indian law-governed agreement for the sale and transfer of a brand, including its intellectual property rights and associated assets.

find out more

Equipment Lease With Option To Purchase Agreement

An Indian law-governed agreement establishing terms for equipment leasing with a future purchase option, combining lease and potential sale provisions.

find out more

Business Share Sale Agreement

An Indian law-governed agreement documenting the sale and purchase of business shares, including transfer terms, warranties, and regulatory compliance requirements.

find out more

Share Sale Agreement

An Indian law-governed agreement documenting the terms and conditions for the transfer of shares between parties, ensuring legal compliance and protection of stakeholders' interests.

find out more

Used Equipment Purchase Agreement

An Indian law-governed agreement for the sale and purchase of used equipment, detailing conditions, warranties, and ownership transfer terms.

find out more

Software Asset Purchase Agreement

An Indian law-governed agreement for the purchase and transfer of software assets, including ownership rights and compliance requirements.

find out more

Member Interest Purchase Agreement

An Indian law-governed agreement for the purchase and sale of membership interests in an LLP or private company, including terms of transfer and regulatory compliance requirements.

find out more

Machinery Purchase Agreement

An Indian law-governed agreement for the purchase and sale of industrial machinery, detailing specifications, terms, and compliance requirements.

find out more

Inventory Purchase Agreement

An Indian law-governed agreement establishing terms for regular inventory purchases between buyer and seller, including ordering, pricing, delivery, and quality requirements.

find out more

Intellectual Property Asset Purchase Agreement

An Indian law-governed agreement for the purchase and sale of intellectual property assets, including detailed terms for transfer, warranties, and compliance requirements.

find out more

Equity Interest Purchase Agreement

An Indian law-governed agreement for the purchase and sale of company shares, detailing terms, conditions, and regulatory compliance requirements for ownership transfer.

find out more

Digital Asset Purchase Agreement

An agreement under Indian law governing the purchase and transfer of digital assets, including specifications, ownership rights, and compliance requirements.

find out more

Asset Purchase Contract

An Indian law-governed agreement facilitating the transfer of ownership of specific assets from seller to purchaser, detailing terms, conditions, and completion requirements.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.