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Copyright Purchase Agreement
"I need a Copyright Purchase Agreement under Nigerian law for the sale of my custom software application to a tech company, with full transfer of all rights and a one-time payment of 5 million Naira, to be completed by March 2025."
1. Parties: Identification and details of the copyright owner (Seller) and purchaser (Buyer)
2. Background: Context of the agreement, including brief description of the copyrighted work and purpose of the transfer
3. Definitions: Key terms used throughout the agreement, including 'Work', 'Intellectual Property Rights', 'Territory', etc.
4. Subject Matter: Detailed description of the copyright being purchased and specific rights included
5. Transfer of Rights: Express provisions for the complete transfer of all copyright and related rights
6. Purchase Price: Details of the consideration, payment terms, and payment method
7. Seller's Warranties: Warranties regarding ownership, originality, non-infringement, and right to transfer
8. Completion of Transfer: Specific actions and documentation required to complete the transfer
9. Future Rights: Provisions regarding any future rights or derivative works
10. Confidentiality: Obligations regarding confidential information disclosed during the transaction
11. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction for disputes
12. Entire Agreement: Standard boilerplate confirming this as the complete agreement between parties
1. Moral Rights: Section addressing the waiver or preservation of moral rights, particularly relevant for literary, dramatic, musical, or artistic works
2. Royalty Provisions: Include when there's an ongoing royalty component in addition to the purchase price
3. International Rights: Specific provisions for international exploitation of the copyright, needed when international use is contemplated
4. Registration and Recordal: Procedures for recording the transfer with copyright offices, needed for high-value works
5. Tax Provisions: Detailed tax arrangements, particularly relevant for high-value transfers or international transactions
6. Third Party Rights: Provisions regarding existing licenses or permissions, needed if there are pre-existing rights granted
7. Further Assurance: Obligations to execute additional documents, relevant for complex works or international transfers
1. Schedule 1 - Description of Works: Detailed description of all copyrighted works being transferred, including creation dates and registration details
2. Schedule 2 - Existing Licenses: List of any existing licenses, permissions, or rights granted to third parties
3. Schedule 3 - Payment Schedule: Detailed payment terms if payment is to be made in installments or subject to conditions
4. Schedule 4 - Required Assignments: List of specific assignments and documents required to perfect the transfer
5. Appendix A - Copyright Registrations: Copies of all copyright registrations and certificates
6. Appendix B - Chain of Title: Documentation showing chain of ownership from creation to current owner
Authors
Applicable Law
Assignment Date
Author
Business Day
Commencement Date
Completion
Confidential Information
Copyright
Derivative Works
Effective Date
Encumbrances
Execution Date
Existing Licenses
Future Rights
Intellectual Property Rights
License
Moral Rights
Original Works
Parties
Purchase Price
Related Rights
Reproduction Rights
Seller's Warranties
Territory
Third Party Rights
Transfer Documents
Work
Working Hours
Digital Rights
Electronic Media
Exploitation Rights
Force Majeure Event
Intellectual Property Registrations
Nigerian Copyright Act
Payment Date
Registration
Royalties
Term
Usage Rights
Interpretation
Sale and Purchase
Transfer of Rights
Purchase Price
Payment Terms
Completion
Warranties
Representations
Assignment
Further Assurance
Moral Rights
Registration
Confidentiality
Non-Competition
Indemnification
Force Majeure
Notices
Severability
Waiver
Amendment
Entire Agreement
Governing Law
Jurisdiction
Dispute Resolution
Third Party Rights
Costs
Counterparts
Survival
Intellectual Property Rights
Territory Rights
Future Rights
Existing Licenses
Tax Provisions
Anti-corruption
Data Protection
Termination
Media and Entertainment
Publishing
Software and Technology
Music Industry
Film and Television
Advertising and Marketing
Gaming Industry
Education and Training
Art and Design
Fashion Industry
Photography
Literature and Publishing
Legal
Intellectual Property
Business Development
Commercial
Licensing
Rights Management
Content Development
Corporate Affairs
Compliance
Creative Services
Legal Counsel
Intellectual Property Lawyer
Content Creator
Creative Director
Business Development Manager
Licensing Manager
Copyright Administrator
Contract Manager
Company Secretary
Chief Legal Officer
Commercial Director
Rights Manager
Publishing Manager
Media Rights Executive
Acquisitions Manager
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