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Patent Purchase Agreement
"Need a Patent Purchase Agreement for acquiring a semiconductor manufacturing patent from a Singapore tech company, with completion planned for March 2025 and including provisions for technical knowledge transfer and employee training."
1. Parties: Identification and details of the seller and purchaser
2. Background: Context of the transaction and brief description of the patent(s)
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core terms of the transfer including price and payment terms
5. Warranties and Representations: Seller's guarantees regarding patent ownership and validity
6. Completion: Transfer process and timing
7. Governing Law: Specification of Singapore law and jurisdiction
1. Due Diligence: Specific pre-completion investigations provisions, typically used for complex patents or high-value transactions
2. Escrow Arrangements: Terms for holding funds in escrow, used in high-value transactions or when staged payments are required
3. Technology Transfer: Additional provisions for knowledge transfer, when technical knowledge transfer is required alongside patent
4. Confidentiality: Non-disclosure obligations, when sensitive information will be shared
1. Patent Details: Full technical specifications and registration details of the patent(s)
2. Patent Documentation: List of all documentation to be transferred
3. Assignment Form: Official form for IPOS registration of transfer
4. Existing Licenses: Details of any existing licenses or encumbrances
5. Due Diligence Results: Summary of investigations and findings (if applicable)
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