The following IP precedent provides comprehensive and up to date legal information covering:
This Agreement is made on [insert date] (the Commencement Date);
[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] (the Assignor); and
[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] (the Assignee)
(each of the Licensor and the Licensee being a party and together the Licensor and the Licensee are the parties).
[The Assignor has entered into an agreement with the 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).
The Assignor has agreed to assign, and Assignee has agreed to take an assignment of, the Assigned IPR on the terms and conditions of this Agreement.
[This Agreement and the assignment under it is conditional upon a separate Asset Purchase Agreement (or similar document) being entered into between the parties on or before the date of this Agreement.]
The parties agree:
Definitions and interpretation
means any entity that directly or indirectly Controls, is Controlled by or is under common Control with, another entity;
[Asset Purchase Agreement
means an agreement
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