Royalty Buyout Agreement Template for Hong Kong

1. Third Party Consents: Required if the existing royalty agreement involves third party rights or requires third party consents for modification

2. Security Arrangements: Needed if the buyout payment is to be made in installments, including any security for future payments

3. Continuing Obligations: Used when certain obligations from the original agreement need to survive the buyout

4. Tax Indemnity: Additional tax provisions if complex cross-border tax implications exist

5. Assignment: Required if either party needs the right to assign the agreement to affiliates or third parties

6. Force Majeure: Optional protection against unforeseen events affecting completion

1. Schedule 1 - Existing Royalty Agreement: Copy or details of the original royalty agreement being bought out

2. Schedule 2 - Rights Description: Detailed description of the intellectual property or other rights subject to the buyout

3. Schedule 3 - Payment Schedule: If payment is in installments, detailed payment dates and amounts

4. Schedule 4 - Completion Requirements: List of documents and actions required for completion

5. Appendix A - Form of Release: Template release document confirming termination of original royalty obligations

6. Appendix B - Tax Calculations: Detailed breakdown of tax implications and calculations if complex tax arrangements apply