Document background
The Sale of Website Agreement is essential for businesses engaging in the transfer of digital assets in the Philippines. This document is typically used when a company or individual wishes to sell their website, whether it's an e-commerce platform, content site, or business website. The agreement must comply with Philippine legislation, particularly the Electronic Commerce Act of 2000 (RA 8792), Data Privacy Act of 2012 (RA 10173), and Intellectual Property Code. It covers crucial elements such as asset transfer, intellectual property rights, user data handling, technical specifications, and transition arrangements. The document is particularly important given the growing digital economy in the Philippines and the need for clear legal frameworks in digital asset transactions. It provides comprehensive protection for both parties while ensuring compliance with local laws regarding electronic transactions, data privacy, and intellectual property rights.
