Technology Sales Agreement

for Your State

Contract for use by a buyer or seller of unique technology.

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This Transfer of Technology Agreement is for use by a seller of a unique form of technology. Because the technology is unique, a buyer of this type of product will want to be assured that this technology is owned by the seller. In addition, a buyer will also want assurances that all intellectual property rights being transferred are the property of the seller. A well-written Transfer of Technology Agreement will be invaluable if there are future disagreements or misunderstandings.

Among others, these important provisions are included in this Transfer of Technology Agreement:
  • Date and Parties to the Agreement: Sets out the date of the agreement and the names and addresses of both the buyer and seller;
  • Technology: Sets out a brief description of the technology being sold;
  • Representations and Warranties: The seller represents that he is the lawful owner of the technology and any associated rights;
  • Signature Requirements: The seller must sign the agreement in the presence of a witness.

Protect Yourself, your Rights and your Property by using our professionally prepared up-to-date forms.

This attorney-prepared packet contains:
  1. General Instructions
  2. Transfer of Technology Agreement for use in your state
State Law Compliance: This form complies with the laws of your state
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Transfer of Technology

 

 

THIS AGREEMENT made as of [Date of Agreement (ie. July 1, 2002)] between [Name of Seller] (the "Seller") of [Address of Seller] and [Name of Buyer] (the "Buyer") of [Address of Buyer].
WHEREAS:
(A)   the Seller is the developer of a unique, innovative and proprietary form of technology in the area of [Brief Description of Technology (ie. optical imaging)] more particularly described in Schedule "A" hereto (collectively the "Technology");
(B)   the Seller wishes to sell to the Buyer, and the Buyer wishes to purchase from the Seller the Technology;
NOW THEREFORE in consideration of the sum of Two Dollars ($2.00) now paid by the Buyer to the Seller, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Seller hereby agrees as follows:
1.   The Seller hereby sells, assigns and transfers all of his right, title, and interest in and to the Technology and intellectual property rights therein to the Buyer.
2.   The Seller hereby represents and warrants as follows:
(a)   That the Seller is, as of the date hereof, the lawful, recorded beneficial owner of the Technology, free and clear of any security interest, claims, liens, charges, pledges or encumbrances; and
(b)   That except as set out herein, upon delivery of the Technology, the Buyer will acquire good and valid title to the Technology, free and clear of any security interest, claims, liens, pledges or encumbrances, interruptions or disturbances.
IN WITNESS WHEREOF the Seller has executed this Agreement on the date first above written.
 
 
 
 
Witness
 
[NAME OF SELLER]
 
 
Schedule "A"Description of Technology
[Describe Technology in Detail (include patents, provisional patents, know how, moral rights and other intellectual property)]
Number of Pages4
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28663
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Transfer of Technology

 

 

THIS AGREEMENT made as of [Date of Agreement (ie. July 1, 2002)] between [Name of Seller] (the "Seller") of [Address of Seller] and [Name of Buyer] (the "Buyer") of [Address of Buyer].
WHEREAS:
(A)   the Seller is the developer of a unique, innovative and proprietary form of technology in the area of [Brief Description of Technology (ie. optical imaging)] more particularly described in Schedule "A" hereto (collectively the "Technology");
(B)   the Seller wishes to sell to the Buyer, and the Buyer wishes to purchase from the Seller the Technology;
NOW THEREFORE in consideration of the sum of Two Dollars ($2.00) now paid by the Buyer to the Seller, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Seller hereby agrees as follows:
1.   The Seller hereby sells, assigns and transfers all of his right, title, and interest in and to the Technology and intellectual property rights therein to the Buyer.
2.   The Seller hereby represents and warrants as follows:
(a)   That the Seller is, as of the date hereof, the lawful, recorded beneficial owner of the Technology, free and clear of any security interest, claims, liens, charges, pledges or encumbrances; and
(b)   That except as set out herein, upon delivery of the Technology, the Buyer will acquire good and valid title to the Technology, free and clear of any security interest, claims, liens, pledges or encumbrances, interruptions or disturbances.
IN WITNESS WHEREOF the Seller has executed this Agreement on the date first above written.
 
 
 
 
Witness
 
[NAME OF SELLER]
 
 
Schedule "A"Description of Technology
[Describe Technology in Detail (include patents, provisional patents, know how, moral rights and other intellectual property)]

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