Website Sale Contract Template for Philippines

The Website Sale Contract is a specialized agreement used when transferring ownership of a website and its associated assets in the Philippines. This document is essential for businesses and individuals engaging in the purchase or sale of websites, ensuring compliance with Philippine legislation including the Electronic Commerce Act of 2000, Data Privacy Act of 2012, and Intellectual Property Code. The contract covers crucial aspects such as asset transfer, intellectual property rights, user data handling, technical specifications, and transition arrangements. It's particularly important in the digital economy where website acquisitions are becoming increasingly common, and proper legal documentation is necessary to protect both parties' interests and ensure smooth ownership transition. The document includes comprehensive provisions for technical handover, warranties about website functionality, and compliance with local regulations.

1. Parties: Identification of the seller and buyer with complete legal names and addresses

2. Background: Context of the sale, brief description of the website and business purpose

3. Definitions: Key terms used throughout the agreement including Website, Assets, Intellectual Property Rights, and Personal Data

4. Sale and Purchase: Core transaction terms including the assets being sold and purchase price

5. Website and Assets Description: Detailed description of the website, domain names, and all included digital assets

6. Purchase Price and Payment Terms: Amount, payment schedule, and payment methods

7. Transfer of Assets: Process and timing for transferring all website components and associated assets

8. Intellectual Property Rights: Transfer of all IP rights, including copyrights, trademarks, and domain names

9. Seller's Warranties: Warranties regarding ownership, functionality, compliance with laws, and absence of encumbrances

10. Data Protection and Privacy: Compliance with data protection laws and transfer of user data

11. Handover and Training: Process for technical handover and any required training

12. Confidentiality: Protection of confidential information related to the website and transaction

13. Governing Law and Jurisdiction: Application of Philippine law and jurisdiction for disputes

14. General Provisions: Standard clauses including notices, entire agreement, and amendments