Selling Intellectual Property Contract Template for Nigeria

1. Third Party Consents: Required when the IP is subject to existing licenses or third-party rights that need addressing

2. Earn-out Provisions: Used when part of the purchase price is tied to future performance or revenue generation

3. Training and Knowledge Transfer: Relevant when the buyer requires technical knowledge or training to utilize the IP

4. Non-Competition: Restrictions on seller's future activities in related fields

5. Transitional Services: When the seller needs to provide ongoing support for a specified period

6. Employee/Contractor Rights: Required when IP was created by employees or contractors whose rights need addressing

7. Foreign Registration: When the IP has or requires registration in multiple jurisdictions

8. Escrow Arrangements: For situations requiring escrow of source code or other critical IP components

1. Schedule 1 - IP Assets: Detailed inventory and description of all IP being sold, including registration numbers and status

2. Schedule 2 - Existing Licenses: List of all existing licenses, rights, or permissions granted to third parties

3. Schedule 3 - Registered Rights: Details of all registered IP rights including patents, trademarks, and designs

4. Schedule 4 - Unregistered Rights: Inventory of unregistered IP rights such as copyright works, trade secrets, and know-how

5. Schedule 5 - Transfer Documents: Forms and documents required for transferring IP rights at relevant registries

6. Schedule 6 - Payment Schedule: Detailed payment terms and schedules if payment is not made in a single installment

7. Appendix A - Technical Documentation: Technical specifications, manuals, and other supporting documentation

8. Appendix B - Chain of Title: Documentation showing ownership history and any prior transfers