IP rights sale agreement

In invention or process: for cash and shares
Select support levelCompare
Recommended

Document overview

This is an agreement for the sale of rights in an invention or improvement, or in any software or technical product. It gives the buyer full control of the IP so that he or she can brand and market it as proprietary.
Compliant
Compliant with the latest law in
  • England & Wales
  • Scotland
Document propertied
Document properties
  • Length:16 pages (4900 words)
  • Available in:
    MsWordMicrosoft Word DOCXApple pagesApple PagesRTFRTF
watertight guarantee
Backed by our watertight guarantee

If the document isn’t right for your circumstances for any reason, just tell us and we’ll refund you in full immediately.

writing in plain english
Written in plain English

We avoid legal terminology unless necessary. Plain English makes our documents easy to understand, easy to edit and more likely to be accepted.

Notes
Guidance notes included

You don’t need legal knowledge to use our documents. We explain what to edit and how in the guidance notes included at the end of the document.

email
Support from our legal team

Email us with questions about editing your document. Use our Lawyer Assist service if you’d like our legal team to check your document will do as you intend.

Update
Up to date with the latest law

Our documents comply with the latest relevant law. Our lawyers regularly review how new law affects each document in our library.

About this intellectual property sale agreement

This is a heavyweight agreement for sale of rights to an innovation, invention or piece of technology. The subject of the sale could be anything, tangible or intangible. It is likely to have more than one possible use in different industries or markets, which the creator or owner may want to exploit separately, and therefore the rights sold can therefore be limited to specific purposes.

For example, it might be:

  • a library of legal documents
  • a system for extracting liquids from inaccessible places
  • software that adds functionality to a piece of hardware

The sale is full – the seller parts with certain rights forever. But that does not means that he or she cannot retain some or most of the total “basket” of rights, for use in other circumstances. We assume that this sale will be of rights in a particular industry sector or field. That leaves many opportunities to sell or use other rights in different sectors or countries.

This agreement covers whatever intellectual property rights you decide to sell and buy. The description and specification of these is up you.

We provide for a single and final payment in cash and shares in the acquiring company.

Once sold, the buyer can do what he or she likes with the IP, subject to the restrictions you have specified.

Similar documents

We offer another document for a similar deal, where the purchase price comprises of cash alone and not shares as well. This document is likely to be more suitable where the seller does not want the risk involved in holding shares, or the buyer wishes to be completely free of the seller.

Contents

The most important paragraphs within this document (insofar as the commercial substance is concerned) include:

  • Definitions and interpretation
  • Warranties and understandings
  • Assignment
  • Licence of patents and trade marks
  • New intellectual property
  • Third party infringement
  • Continuing research, improvement and product updates
  • Confidentiality
  • Disclaimer
  • Enforcement and other legal issues

There are also over 2,100 words of helpful drafting notes included at the end of the document that will help you edit the agreement to suit your deal perfectly.

Sample ip rights sale agreementSample page from the invention rights sale agreement for cash and shares

CallTalk to us about this document

We are happy to answer any questions you have. Arrange for us to call you.

Choose the level of support you need

Document Only

Complete the document template yourself using our guidance notes
£70.80
(incl VAT)
  • ok This document
  • okDetailed guidance notes explaining how to edit each paragraph
Most Popular

Lawyer Assist

Support from our legal team during and after editing
212 Reviews
£340.80
(incl VAT)
  • ok This document
  • okDocument with guidance notes explaining how to edit each paragraph
  • okUnlimited email support - ask our legal team any question related to completing the document
  • ok
    Review of your edited document by our legal team including:
    • reporting on whether your changes comply with the law
    • answering your questions about how to word a new clause or achieve an outcome
    • checking that your use of defined terms is correct and consistent
    • correcting spelling mistakes
    • reformatting the document ready to sign

Bespoke

Drafted for you, to your precise requirements
from
£900.00
(incl VAT)
  • okA document drawn just for you to your exact requirements
  • okPersonalised service provided by an experienced solicitor
  • okFree discussion before we provide an estimate, for you to ask questions and for us to understand your requirements
  • okTransparent fees - a fixed fee for the basic work, a fixed hourly rate for new or changed instructions, and no charge for office overheads or third party disbursements
  • okCareful and thorough consideration of your circumstances and your consequent likely practical and legal requirements
  • okProvision of options that you may not have considered with availability for discussion
  • okHelp and advice woven into the fabric of our service so that you can make the best decisions
© 1999 - 2024 Net Lawman Limited.
All rights reserved