Trademark Purchase Agreement Template for Singapore

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Key Requirements PROMPT example:

Trademark Purchase Agreement

"Need a Trademark Purchase Agreement for acquiring a registered Singapore trademark in the food and beverage sector, including provisions for a 6-month transitional period where the seller can continue using the mark until March 2025."

What is a Trademark Purchase Agreement?

A Trademark Purchase Agreement is used when a trademark owner wishes to sell their registered trademark rights to another party. This document, governed by Singapore law, sets out the terms and conditions of the sale, including the purchase price, warranties about the trademark's validity, and provisions for recording the transfer with IPOS. It's particularly important in corporate acquisitions, brand divestitures, or strategic brand purchases, ensuring compliance with Singapore's trademark regulations and providing legal certainty for both parties.

What sections should be included in a Trademark Purchase Agreement?

1. Parties: Identification of the seller and purchaser of the trademark

2. Background: Context of the transaction and brief history of the trademark

3. Definitions: Key terms used tHRoughout the agreement

4. Sale and Purchase: Core transaction terms including purchase price and payment terms

5. Assignment and Transfer: Specific provisions regarding the transfer of trademark rights

6. Warranties and Representations: Seller's guarantees regarding trademark ownershIP and validity

7. Completion: Closing requirements and procedures

What sections are optional to include in a Trademark Purchase Agreement?

1. Transitional Arrangements: Used when there's a need for temporary licensing or phase-out periods for the seller's continued temporary use of the trademark

2. Non-Competition: Restrictions on seller's future use of similar marks, used when there's risk of market confusion or competition

3. Tax Provisions: Specific tax treatment and obligations for high-value transactions or cross-border deals

What schedules should be included in a Trademark Purchase Agreement?

1. Schedule 1: Trademark Details: Complete details of the trademark(s) being sold including registration numbers

2. Schedule 2: Existing Licenses: List of current trademark licenses that will be transferred

3. Schedule 3: Form of Assignment: Official trademark assignment form for IPOS filing

4. Appendix A: Trademark Usage Guidelines: Optional appendix including guidelines for proper trademark usage

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

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Consumer Goods
Technology
Retail
Manufacturing

Relevant Teams

Legal
Intellectual Property
Marketing
Business Development
Finance

Relevant Roles

General Counsel
IP Counsel
Brand Manager
Chief Marketing Officer
Business Development Director

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Trademark Assignment Form

A Singapore-compliant legal document for transferring trademark ownershIP rights from one party to another, regulated by IPOS.

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What is a Trademark Purchase Agreement?

What sections should be included in a Trademark Purchase Agreement?

What sections are optional to include in a Trademark Purchase Agreement?

What schedules should be included in a Trademark Purchase Agreement?

Authors

Alex Denne

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