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Patent Sale Agreement
"I need a Patent Sale Agreement under Singapore law for the sale of our biotech patent (SG12345X) to GreenLife Sciences Ltd, with completion scheduled for March 2025 and including provisions for technical support during transition."
1. Parties: Identification of seller and purchaser of the patent
2. Background: Context of the sale, including patent details and purpose of transfer
3. Definitions: Key terms used throughout the agreement including Patent, Completion Date, Purchase Price
4. Sale and Purchase: Core terms of the patent transfer including the agreement to sell and purchase the patent rights
5. Consideration: Purchase price and payment terms for the patent transfer
6. Warranties and Representations: Seller's assurances regarding patent ownership, validity, and absence of encumbrances
7. Completion: Transfer process, timing and completion obligations
8. Governing Law and Jurisdiction: Specification of Singapore law and courts' jurisdiction
1. Confidentiality: Provisions for protecting confidential information exchanged during the transaction
2. Tax Provisions: Allocation of tax liabilities and responsibilities between parties
3. Further Assurance: Obligations to execute additional documents and take further actions post-completion
1. Schedule 1 - Patent Details: Full technical description and registration details of the patent being sold
2. Schedule 2 - Assignment Form: Official form required for IPOS registration of the patent transfer
3. Schedule 3 - Payment Schedule: Detailed schedule of payment terms and installments if applicable
4. Schedule 4 - Related Rights: List of associated intellectual property rights included in the sale
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