Intellectual Property Purchase Agreement Template for Australia

1. Employee and Contractor Obligations: Required when IP was created by employees or contractors who need to execute assignments

2. Transitional Services: Include when seller needs to provide support or knowledge transfer post-completion

3. Foreign Rights: Required for IP rights registered or protected in multiple jurisdictions

4. Earn-out Provisions: Include when part of purchase price is contingent on future performance

5. Competition Restrictions: Non-compete and non-solicitation provisions if relevant to the transaction

6. Third Party Consents: Required when IP is subject to licenses or third-party agreements

7. Security Interests: Include when IP assets are subject to existing security interests

8. Source Code Escrow: For software IP purchases requiring source code protection

9. Moral Rights: Required for copyright works where moral rights need to be addressed

1. Schedule 1 - IP Asset Register: Detailed list and description of all IP assets being purchased

2. Schedule 2 - Purchase Price and Payment Terms: Detailed breakdown of consideration and payment structure

3. Schedule 3 - Existing IP Agreements: List of all licenses, assignments and other IP agreements affecting the assets

4. Schedule 4 - Form of IP Assignment Deed: Pro forma assignment documents for specific IP rights

5. Schedule 5 - Completion Requirements: Checklist of documents and actions required at completion

6. Schedule 6 - Registered IP Details: Specific details of registered IP including registration numbers and renewal dates

7. Schedule 7 - Third Party Consents: List of required third party consents and their status

8. Appendix A - Due Diligence Findings: Summary of key IP due diligence findings and disclosed issues