Intellectual Property Purchase Agreement Template for South Africa

1. Tax Provisions: Include when there are specific tax implications or arrangements between the parties

2. Employee and Contractor Obligations: Include when IP was created by employees or contractors who may have ongoing rights

3. Third Party Rights: Include when there are licenses or other third party rights that affect the IP

4. Exchange Control: Include for cross-border transactions requiring South African Reserve Bank approval

5. Transitional Services: Include when the seller needs to provide ongoing support or services post-completion

6. Know-how Transfer: Include when practical knowledge or trade secrets need to be transferred

7. Competition Law Compliance: Include when the transaction may have competition law implications

8. Source Code Escrow: Include for software-related IP where source code needs to be protected

1. Schedule 1 - Intellectual Property Rights: Detailed list and description of all IP being transferred including registration numbers

2. Schedule 2 - Registered Rights: Details of all registered patents, trademarks, designs including registration status

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

4. Schedule 4 - Encumbrances: List of all licenses, security interests and other encumbrances affecting the IP

5. Schedule 5 - Third Party Rights: Details of any third party rights, licenses or permissions affecting the IP

6. Schedule 6 - Assignment Documents: Forms and documents required to record the transfer at IP offices

7. Schedule 7 - Completion Requirements: Detailed list of all documents and actions required for completion

8. Appendix A - Power of Attorney: Power of attorney for executing registration of IP transfers