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1. Parties: Identification of the seller and purchaser of the intellectual property, including full legal names and registered addresses
2. Background: Context of the agreement, brief description of the IP being sold, and the parties' intention to enter into the sale transaction
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Sale and Purchase: Core terms of the sale, including the specific IP being sold and confirmation of transfer
5. Purchase Price: The agreed purchase price for the IP and payment terms
6. Completion: Details of when and how the sale will be completed, including any conditions precedent
7. Seller's Warranties: Warranties regarding ownership, right to sell, and status of the IP
8. IP Registration and Transfer: Process and obligations for transferring IP registrations and recordings
9. Confidentiality: Obligations regarding confidential information disclosed during the transaction
10. Further Assurance: Obligations to execute additional documents and take necessary steps to perfect the transfer
11. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction for disputes
12. Execution: Signature blocks and execution formalities
1. Tax Provisions: Specific provisions regarding tax implications and responsibilities, used when there are significant tax considerations
2. Transitional Provisions: Arrangements for transitioning IP ownership and ongoing obligations, used when the IP is actively in use
3. Third Party Consents: Requirements for obtaining third party approvals, used when the IP is subject to licenses or other agreements
4. Employee and Contractor Rights: Provisions dealing with employee or contractor rights in the IP, used when IP was created by employees/contractors
5. Earn-out Provisions: Structure for additional payments based on future performance, used when part of the purchase price is contingent
6. Competition Restrictions: Non-compete and similar restrictions, used when protecting the value of the transferred IP
7. Indemnification: Specific indemnities beyond standard warranties, used for known risks or specific concerns
1. Schedule 1 - Description of Intellectual Property: Detailed description of all IP being sold, including registration numbers and status
2. Schedule 2 - Existing Licenses and Agreements: List of all existing licenses, agreements, or encumbrances affecting the IP
3. Schedule 3 - Transfer Documents: Forms and documents required for recording the IP transfer with relevant authorities
4. Schedule 4 - Registered Rights: Details of all registered IP rights including patents, trademarks, and designs
5. Schedule 5 - Unregistered Rights: Details of unregistered IP rights including copyright works and trade secrets
6. Schedule 6 - Payment Schedule: Detailed payment terms and schedule if payment is to be made in installments
7. Appendix A - Due Diligence Results: Summary of IP due diligence findings and any identified issues
Business Day
Completion
Completion Date
Confidential Information
Copyright Works
Effective Date
Encumbrance
Execution Date
Governing Law
Industrial Designs
Intellectual Property Rights
Know-how
Licensed Rights
Patents
Purchase Price
Registered Rights
Ringgit Malaysia
Seller Warranties
Trade Marks
Trade Secrets
Transfer Documents
Unregistered Rights
Working Day
Sale and Purchase
Purchase Price
Payment Terms
Conditions Precedent
Completion
Seller Warranties
IP Ownership
Title Transfer
Registration
Third Party Rights
Confidentiality
Non-Competition
Further Assurance
Assignment
Notices
Force Majeure
Severability
Entire Agreement
Amendments
Waiver
Costs
Governing Law
Dispute Resolution
Indemnification
Survival
Intellectual Property Rights
Representations
Termination
Transition Assistance
Technology
Manufacturing
Pharmaceuticals
Media and Entertainment
Software Development
Research and Development
Biotechnology
Fashion and Design
Consumer Goods
Electronics
Telecommunications
Publishing
Automotive
Creative Industries
Legal
Intellectual Property
Research and Development
Finance
Corporate Strategy
Business Development
Compliance
Innovation
Commercial Operations
Corporate Secretariat
Chief Executive Officer
Chief Legal Officer
Intellectual Property Lawyer
Legal Counsel
Chief Technology Officer
Research Director
Innovation Manager
Business Development Manager
Chief Financial Officer
IP Portfolio Manager
Compliance Officer
Corporate Secretary
Commercial Director
Managing Director
Head of Research and Development
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