Form Overview
The Intellectual Property Purchase Agreement favoring sellers provides the framework for selling a computer system and providing technical services in connection with the sale, including on-going maintenance and support. The conveyed property is computer hardware to which the purchaser takes title. The document also conveys a software license to purchaser. The services include hardware and software support, including quarterly preventive maintenance on the Hardware. Separate warranties for the system, software and services are defined, along with the appropriate disclaimers. The intellectual property provisions allocate ownership rights on the software to seller and impose an employee pirating restriction on purchaser. You can find answers to your questions using our extensive library of
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