Deed Of Sale Rights Only Template for Philippines

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Key Requirements PROMPT example:

Deed Of Sale Rights Only

"I need a Deed of Sale Rights Only for transferring software licensing rights from my tech company to a multinational corporation, with payment to be made in three installments starting March 2025, and including strict confidentiality provisions."

Document background
The Deed of Sale Rights Only is a crucial legal instrument in Philippine business and commercial transactions, specifically designed for the transfer of intangible rights and interests. This document is commonly used when businesses or individuals need to transfer intellectual property rights, contractual rights, business interests, or other incorporeal property. It differs from a standard deed of sale as it focuses exclusively on rights rather than tangible assets. The document must comply with Philippine civil law requirements, including proper notarization and registration where applicable. It's particularly important in modern business transactions where intangible assets often represent significant value. The deed must include clear identification of the rights being transferred, warranties of ownership, and specific terms of transfer to ensure legal validity and protect both parties' interests.
Suggested Sections

1. Parties: Identification of the Seller and Buyer with complete names, civil status, addresses, and tax identification numbers as required by Philippine law

2. Background: Context of the transaction, including the nature of the rights being sold and their current ownership status

3. Definitions: Definition of key terms used in the deed, including specific description of the rights being transferred

4. Subject Matter of Sale: Detailed description of the rights being sold, including any registration numbers, certificates, or other identifying information

5. Consideration: Purchase price and payment terms for the rights

6. Warranties and Representations: Seller's warranties regarding ownership, authority to sell, and absence of encumbrances on the rights

7. Transfer of Rights: Explicit declaration of transfer and assignment of rights from seller to buyer

8. Effectivity: When the transfer becomes effective and conditions for effectiveness

9. Taxes and Expenses: Responsibility for payment of taxes, registration fees, and other expenses

10. Execution: Signature block with notarial acknowledgment as required by Philippine law

Optional Sections

1. Due Diligence: Required when the buyer needs to verify certain aspects of the rights before completion

2. Conditions Precedent: Include when there are specific conditions that must be met before the sale becomes effective

3. Non-competition: Include when the seller needs to be restricted from competing or creating similar rights

4. Intellectual Property: Required when the rights being sold involve or affect intellectual property

5. Governing Law and Jurisdiction: While Philippine law applies by default, this section may be needed if parties want to specify venue for disputes

6. Confidentiality: Include when certain aspects of the rights or transaction need to be kept confidential

Suggested Schedules

1. Schedule A - Description of Rights: Detailed technical or legal description of the rights being sold

2. Schedule B - Proof of Ownership: Copies of certificates, registrations, or other documents proving seller's ownership

3. Schedule C - Payment Schedule: If payment is to be made in installments or subject to conditions

4. Schedule D - Existing Licenses or Agreements: List of any existing agreements or licenses that affect the rights being sold

5. Appendix 1 - Required Government Permits: Copies of any required government permits or authorizations

6. Appendix 2 - Transfer Documents: Forms or documents required to effect the transfer with relevant authorities

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Technology

Intellectual Property

Media and Entertainment

Professional Services

Manufacturing

Retail and Consumer

Healthcare

Financial Services

Real Estate

Energy and Resources

Telecommunications

Relevant Teams

Legal

Corporate Affairs

Business Development

Compliance

Finance

Intellectual Property

Commercial Operations

Risk Management

Executive Leadership

Mergers and Acquisitions

Relevant Roles

Legal Counsel

Corporate Lawyer

Business Development Manager

Intellectual Property Manager

Chief Legal Officer

Commercial Director

Contracts Manager

Compliance Officer

Company Secretary

Chief Executive Officer

Chief Financial Officer

Business Owner

Rights Manager

Licensing Manager

General Counsel

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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