Intellectual Property Purchase Agreement Template for India

1. Third Party Consents: Required when the IP transfer requires consent from third parties or regulatory authorities

2. Transition Services: Needed when the seller must provide support or knowledge transfer after completion

3. Non-Competition: Restrictions on seller's future activities, if commercially agreed

4. Employee and Contractor Obligations: Relevant when IP was developed by employees or contractors who need to confirm assignment

5. Earn-out Provisions: When part of the purchase price is contingent on future performance

6. Registration and Recordal: Specific provisions for updating IP registries when dealing with registered IP

7. Source Code Escrow: Needed for software-related IP purchases

8. License Back: When seller requires continued limited use of the transferred IP

9. Foreign Filing Rights: For patents or trademarks with potential international applications

1. Schedule 1 - IP Assets: Detailed list and description of all IP being transferred, including registration numbers

2. Schedule 2 - Registered Rights: List of all registered patents, trademarks, designs with registration details

3. Schedule 3 - Unregistered Rights: Description of unregistered IP, including copyright works, trade secrets, and know-how

4. Schedule 4 - Completion Obligations: List of documents to be delivered and actions to be taken at completion

5. Schedule 5 - Seller's Warranties: Detailed IP-specific warranties

6. Schedule 6 - Encumbrances: List of any existing licenses, security interests or other encumbrances affecting the IP

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

8. Schedule 8 - Completion Documents: Forms of IP assignment documents to be executed at completion

9. Appendix A - Technical Documentation: List of all technical documents, manuals, and specifications being transferred