Assignment of intellectual property rights (asset purchase) (long form)

The following IP precedent provides comprehensive and up to date legal information covering:

  • Assignment of intellectual property rights (asset purchase) (long form)
  • Background
  • 1 Definitions and interpretation
  • 2 Commencement
  • 3 Assignment
  • 4 Assignment Fee
  • 5 Other costs
  • 6 Taxes and duties
  • 7 Warranties
  • 8 Indemnities
    • More...

Assignment of intellectual property rights (asset purchase) (long form)

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP completion day mean for intellectual property?

This Agreement is made on [insert date] (Commencement Date) between the following parties (each a ‘party’ and together the ‘parties’):

Parties

  1. 1

    [insert Assignor name] a company incorporated in [England and Wales] whose registered number is [insert company number] and whose registered office is at [insert registered office] (Assignor); and

  1. 2

    [insert Assignee name] a company incorporated in [England and Wales] whose registered number is [insert company number] and whose registered office is at [insert registered office] (Assignee)

Background

    1. (A)

      [Assignor has entered into an agreement with Assignee [dated [insert date]] for the sale of [the [insert name] business and/or certain business Assets] by Assignor as seller to Assignee as buyer OR [insert other description of relevant transaction (referencing any relevant related agreements)]] (Transaction).

    1. (B)

      Assignor has agreed to assign, and Assignee has agreed to take

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