Form Overview
The Intellectual Property Purchase Agreement favoring the purchaser focuses on the technology as a core business. Accordingly, the intellectual property and all related rights are conveyed to the purchaser, along with assignment of all dealer and customer contracts. Seller grants a warranty of original development and title, and agrees to indemnify purchaser against third-party infringement claims. Because of the competing business interests of the parties, seller is required to agree to employee pirating, customer solicitations and certain noncompete restrictions. You can find answers to your questions using our extensive library of
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