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Customer List Purchase Agreement

Customer List Purchase Agreement Template for India

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Key Requirements PROMPT example:

Customer List Purchase Agreement

"I need a Customer List Purchase Agreement for my e-commerce company to purchase a database of 50,000 retail customers from a competitor who is exiting the Indian market, with specific provisions for data migration and compliance with Indian privacy laws."

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Document background
A Customer List Purchase Agreement is essential when one business wishes to acquire customer data from another entity in India. This document is particularly relevant in scenarios involving business acquisitions, marketing partnerships, or strategic growth initiatives where customer data represents valuable business assets. The agreement must comply with Indian legal requirements, including the Information Technology Act, 2000, data protection rules, and privacy regulations. It typically covers the scope of customer data being transferred, permitted uses, compliance requirements, warranties about data accuracy and legitimate collection, and confidentiality obligations. The document is crucial for protecting both parties' interests while ensuring compliance with Indian data protection laws and regulations.
Suggested Sections

1. Parties: Identification of the seller and purchaser of the customer list

2. Background: Context of the transaction and brief description of the customer list being sold

3. Definitions: Key terms used throughout the agreement including 'Customer List', 'Personal Data', 'Confidential Information'

4. Sale and Purchase: Core transaction terms including the specific customer list(s) being sold and purchase price

5. Delivery and Format: Specifications for how and when the customer list will be transferred, including format and delivery method

6. Warranties and Representations: Seller's warranties regarding ownership, accuracy, and legal compliance of the customer list

7. Data Protection and Privacy: Compliance requirements with Indian privacy laws and data protection regulations

8. Use Restrictions: Limitations on how the purchased customer list may be used and restrictions on resale or transfer

9. Confidentiality: Obligations to maintain confidentiality of the customer list and related information

10. Indemnification: Parties' indemnification obligations for breaches and third-party claims

11. Term and Termination: Duration of the agreement and circumstances for termination

12. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes

Optional Sections

1. Transition Services: Additional services provided by seller to assist in transfer and initial use of the customer list

2. Data Updates: Terms for receiving updates to the customer list for a specified period post-purchase

3. Non-Competition: Restrictions on seller's ability to compete or use similar customer lists

4. Audit Rights: Purchaser's rights to audit the accuracy and completeness of the customer list

5. Data Security Requirements: Specific security measures required for storing and handling the customer list

6. Customer Notification: Requirements and process for notifying customers about the transfer of their data

Suggested Schedules

1. Schedule 1 - Customer List Specification: Detailed description of the customer list including fields, number of records, and data format

2. Schedule 2 - Pricing and Payment Terms: Detailed breakdown of purchase price and payment schedule

3. Schedule 3 - Data Protection Requirements: Specific compliance requirements and security measures for handling the customer data

4. Schedule 4 - Warranties: Detailed warranties regarding the customer list's accuracy, completeness, and legal compliance

5. Appendix A - Data Transfer Protocol: Technical specifications for the secure transfer of the customer list

6. Appendix B - Permitted Uses: Detailed list of allowed uses and restrictions for the customer list

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Aggregate Data
Applicable Law
Authorized Purpose
Confidential Information
Customer List
Customer Data
Data Protection Laws
Data Subject
Data Transfer Date
Delivery Format
Effective Date
Excluded Data
Force Majeure Event
Intellectual Property Rights
Material Breach
Personal Data
Purchase Price
Permitted Use
Related Documentation
Sensitive Personal Data
Security Requirements
Seller's Records
Third Party
Transfer Protocol
Transition Period
Usage Restrictions
Verification Process
Warranty Period
Relevant Industries

E-commerce

Retail

Financial Services

Telecommunications

Marketing Services

Insurance

Real Estate

Business Services

Technology

Healthcare

Relevant Teams

Legal

Compliance

Marketing

Sales

Information Technology

Data Protection

Business Development

Commercial Operations

Risk Management

Information Security

Relevant Roles

Chief Marketing Officer

Data Protection Officer

Chief Legal Officer

Business Development Manager

Privacy Compliance Manager

Commercial Director

Sales Director

Chief Information Officer

Marketing Manager

Database Administrator

Legal Counsel

Compliance Officer

Chief Executive Officer

Chief Commercial Officer

Industries
Information Technology Act, 2000: Governs electronic data handling, storage, and transfer of digital information, including customer data in electronic format
Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011: Specifies requirements for handling sensitive personal data and information, including collection, storage, and transfer
Indian Contract Act, 1872: Governs the fundamental aspects of contract formation, validity, and enforcement of the purchase agreement
Competition Act, 2002: Ensures the purchase of customer lists doesn't result in anti-competitive practices or abuse of dominant position
Consumer Protection Act, 2019: Protects consumer interests and rights, including their personal data and privacy
Transfer of Property Act, 1882: Governs the transfer of property (including intangible property like customer lists) from one party to another
Right to Privacy (as per Supreme Court judgment in Justice K.S. Puttaswamy vs Union of India): Establishes privacy as a fundamental right, affecting how personal data in customer lists can be handled and transferred
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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