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Product ID: UK-IPipp27

IP rights sale agreement: in invention or process

This is a comprehensive agreement for the outright sale of limited rights in a piece of intellectual property such as an invention or software.

The nature of the product is not important to the document. It could be a stand-alone physical device, a component for another product, or something that improves an existing product.

The buyer purchases the all of the rights he needs so that he can use the IP as required.

The document covers:

  • all intellectual property rights in every aspect of the work, for example: designs, copyright, software and patents
  • derived products
  • optional support by the licensor – with a separate licence to use any support systems
  • the sub-license of third party IP rights
  • third party infringement and mutual legal protection

This document might be used, for example:

  • to sell a computer game to a game publisher. The publisher buys the rights to the story and characters behind the game so that he can market the game as his own, but the developer keeps back the rights to the code that allow those characters to move on-screen in a certain way so that he can use that code in a future game.
  • a engineering firm sells a navigation system to a defence systems supplier, but retains the rights regarding the finishing process of a particular component.
Suitable for use in: England & Wales and Scotland
£70.80 inc VAT (£59.00 ex VAT)
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Product ID: UK-IPipp28

IP rights sale agreement: in television, film or media production

This agreement is for the sale of rights in a work of an audio-visual nature. The buyer obtains full ownership and control so that he can use and market the work as his own.

The work could be of any size, complexity and of any type (i.e. at any stage of production).

For example, you might be selling rights in

  • a script, or a book that could be converted to a script
  • a training manual
  • an advertisement
  • a documentary programme or series to be broadcast on radio, television or online
  • a programme consisting in a "reality" procedure rather than a written drama

The agreement preserves the author’s or originator’s rights to sell the same material in different markets by limiting the extent of the rights sold in this deal. You can restrict what you are selling by reference to use, publication, time, country, language, medium, or as you decide. The document preserves moral rights as author.

Either party can buy this agreement and successfully edit it for a deal that suits them.

By default:

  • the document favours neither party – either could edit for their terms
  • payment is part cash and part shares in the buyer company – it can be edited easily for a cash deal

It is assumed that your deal will complete on the signing of this agreement as a precise and firm arrangement. However, you could also complete at a specified later date, by when the buyer will have completed arrangements for authorisation.

Suitable for use in: England & Wales and Scotland
£70.80 inc VAT (£59.00 ex VAT)
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Product ID: UK-IPipp31

IP rights sale agreement: in invention or process: for cash and shares

This document is a comprehensive legal framework for the sale of rights in intellectual property.

The IP being sold could be anything. It could be a complete product, a component of or add-on to another product, software, or something else.

The buyer purchases rights (rather than just licensing them) so that he can market the IP under his own brand and so that he doesn’t have to worry about licence restrictions when he sells the product on.

However, the rights sold can be limited by the seller. So the seller can retain the right to use the IP in another application, or in another market.

The sale may be cash only, or cash and shares in the buyer’s company.

The document covers:

  • an option for the seller to license additional IP to the buyer (for example, supporting software, patents and trademarks)
  • derived products
  • continuing research, product improvement and updates

The document might be used, for example:

  • To sell a type of camera casing developed by a company that specialises in underwater leisure products to an aeronautical company for use in high altitude aeroplanes.
  • To sell web-based vehicle tracking software to a logistics software developer for incorporation within their software packages sold in Europe and North America.
Suitable for use in: England & Wales and Scotland
£70.80 inc VAT (£59.00 ex VAT)
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Product ID: UK-IPipp34

Agreement for the sale of rights in book or other medium for television or film

This is a straightforward cash sale of book rights for exploitation in another medium such as film, stage play, education or training. It could be adapted for the sale of almost any created work.

This document provides legal protection for both sides in reasonable balance, so it could be used by either the seller or the buyer of the rights. Of course, you may edit out any provision you think may overly favour your counter party.

The agreement preserves the author's or originator's rights to sell the same IP in different markets by limiting the extent of rights sold in this deal. You have the choice to restrict what you are selling by reference to use, publication, time, country, language, or medium. The document preserves your moral rights as author.

Suitable for use in: England & Wales and Scotland
£46.80 inc VAT (£39.00 ex VAT)
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Product ID: UK-IPipp35

Assignment agreement: of music copyright; sale plus royalty; limited territory

This is a straightforward sale of rights in music for cash with a continuing royalty. The royalty may be paid on the events you choose, such as recording, resale or performance.

The rights sold may be limited in whatever way you would like. For example, you may sell the composition only for use in a stage play or film, or for use only in live performances. The composer’s or originator’s moral rights are preserved.

There is the option for the composer also to be given a right of first refusal to buy the rights back if the buyer decides to sell in the future.

Suitable for use in: England & Wales and Scotland
£46.80 inc VAT (£39.00 ex VAT)
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Product ID: UK-IPipp45

Assignment agreement: of music copyright or other IP; cash sale; seller retains right to buy back

This is a short agreement for a straightforward sale of rights in music or other intellectual property for cash.

The seller retains a right of first refusal (a pre-emption right) to repurchase the IP if the buyer ever decides to sell.

The document has been drawn as a sale so that the buyer has freedom to use the IP without the restrictions of licence terms. However, provision has also been made for the seller to retain some rights so that he or she can further exploit or sell those. The retained rights could be any. For example, the IP might be a song (music and lyrics), with the sale limited to a particular geographic area (allowing the seller to sell the music again to someone who will add lyrics in a different language).

If the rights you wish to retain are complicated, we suggest that a licence agreement might be more appropriate.

The document protects the interest of the seller without offending or prejudicing the buyer. Although simple, it is as legally strong as documents drawn for more complicated deals.

Suitable for use in: England & Wales and Scotland
£22.80 inc VAT (£19.00 ex VAT)
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