"This is a heavyweight agreement for sale of rights to an innovation, invention or piece of technology. The subject of the sale could be anything, tangible or intangible. It is likely to have more than one possible use in different industries or markets, which the creator or owner may want to exploit separately, and therefore the rights sold can therefore be limited to specific purposes.
For example, it might be:
The sale is full – the seller parts with certain rights forever. But that does not means that he or she cannot retain some or most of the total “basket” of rights, for use in other circumstances. We assume that this sale will be of rights in a particular industry sector or field. That leaves many opportunities to sell or use other rights in different sectors or countries.
This agreement covers whatever intellectual property rights you decide to sell and buy. The description and specification of these is up you.
We provide for a single and final payment in cash and shares in the acquiring company.
Once sold, the buyer can do what he or she likes with the IP, subject to the restrictions you have specified."
Detailed guidance notes are provided with each template. Net Lawman offers a money back guarantee if the document is not what you need, as well as a legal review option if you want some professional assistance when you are drawing up your documents.
The documents menus are designed to describe the documents, but please be sure that you check them over carefully to ensure that they do meet your needs. All documents are subject to Net Lawman's Terms and Conditions, which we ask you to read before you purchase any documents.
We are pleased to be supported by Net Lawman.co.uk as a leading independent online provider of ready-to-use legal documents for business users.
Net Lawman is a founding member of the Association of Publishers of Online Legal Documents (APOD).
APOD exists to:
promote the sale of online legal and business document templates;
educate the public about the need for legal documents to protect their interests, and in the online availability of professionally written and affordable template contracts;
promote and represent the interests of the Association and its members;
ensure professional standards for customers and the public in accordance with the APOD Code of Practice.
We always welcome your feedback so please do let us know what else you would like to know about using this Form.