Intellectual property licence (asset purchase) (short form)

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

  • Intellectual property licence (asset purchase) (short form)
  • Background
  • 1 Definitions and interpretation
  • 2 Commencement
  • 3 Duration
  • 4 Grant of licence
  • 5 Use of the Licensed IPR
  • 6 Fees and expenses
  • 7 Other costs
  • 8 Taxes and duties
  • More...

Intellectual property licence (asset purchase) (short form)

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

Parties

  1. 1

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

  1. 2

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

Background

    1. (A)

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

    1. (B)

      Licensor has agreed to license, and Licensee has agreed to take licence of certain intellectual property rights which are not being transferred to Licensee in the Transaction but that Licensee wishes to use or take the benefit of on the terms of this Agreement.

    1. (C)

      [This Agreement and the licence under it are 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:

    1. 1

      Definitions and interpretation

      1. 1.1

        Words shall have the meanings given to them in this Agreement, including without limitation

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