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1. Parties: Identification of the Seller and Purchaser, including registration details and addresses
2. Background: Context of the sale, brief description of the IP, and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement, including specific IP-related terminology
4. Sale of Intellectual Property: Core provision documenting the sale and transfer of the IP from Seller to Purchaser
5. Purchase Price: Details of the consideration, payment terms, and payment method
6. Effective Date: Specification of when the transfer becomes effective
7. Seller's Warranties: Warranties regarding ownership, right to sell, non-infringement, and validity of the IP
8. Delivery and Registration: Process for delivering IP materials and recording the transfer with relevant authorities
9. Confidentiality: Obligations regarding confidential information disclosed during the transaction
10. Tax and Costs: Allocation of transfer taxes, registration fees, and professional costs
11. Further Assurance: Obligation to execute additional documents and take necessary steps to perfect the transfer
12. Governing Law and Jurisdiction: Specification of South African law and jurisdiction for disputes
13. General Provisions: Standard boilerplate clauses including notices, entire agreement, and amendments
1. Earn-out Provisions: Used when part of the purchase price is contingent on future performance
2. Employee and Contractor Obligations: Required when IP involves ongoing employee or contractor relationships
3. Technology Transfer: Needed when technical knowledge or know-how must be transferred alongside the IP
4. Transitional Services: Include when seller needs to provide temporary support post-transfer
5. Competition Restrictions: Non-compete and non-solicitation provisions if required
6. Foreign Exchange Provisions: Required for cross-border transactions subject to exchange control
7. Third Party Consents: Needed when IP transfer requires consent from licensees or other third parties
8. Escrow Arrangements: Used when part of payment is held in escrow or source code needs to be escrowed
1. Schedule 1 - Intellectual Property Description: Detailed description of all IP assets being sold, including registration numbers
2. Schedule 2 - Excluded Assets: List of related IP assets specifically excluded from the sale
3. Schedule 3 - Existing Licenses and Encumbrances: Details of current licenses, security interests or other encumbrances affecting the IP
4. Schedule 4 - Payment Schedule: Detailed payment terms, especially if involving installments or earn-outs
5. Schedule 5 - Required Consents: List of third-party consents required for the transfer
6. Schedule 6 - Transfer Documents: Forms and documents required to record the transfer with IP offices
7. Appendix A - Due Diligence Results: Summary of IP due diligence findings and identified risks
8. Appendix B - Technical Documentation: List of technical documents, source code, or other materials being transferred
Technology
Pharmaceuticals
Biotechnology
Software Development
Manufacturing
Media and Entertainment
Research and Development
Healthcare
Automotive
Consumer Goods
Telecommunications
Education
Creative Industries
Financial Services
Legal
Intellectual Property
Research and Development
Innovation
Business Development
Finance
Corporate Development
Technology Transfer
Commercial
Compliance
Strategy
Technical Documentation
Chief Executive Officer
Chief Technology Officer
Chief Legal Officer
Intellectual Property Lawyer
Patent Attorney
Legal Counsel
Research Director
Innovation Manager
Technology Transfer Officer
Business Development Manager
Licensing Manager
Commercial Director
Chief Financial Officer
IP Portfolio Manager
General Counsel
Corporate Development Executive
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