When to use: whenever an option is needed.
This agreement is suitable for:
All types of intellectual property. We have chosen a domain name as an example for our template document because the transfer procedure is complicated and involves third parties. Yours might be simpler – the document can be amended to suit. For example, it could be applied to an option to buy a trade mark or a patent.
Agreement SC-ECM523 includes the following provisions:
-
Specifics of transaction;
-
Mechanics of exercise with alternative part payment option;
-
What constitutes completion;
-
Buyers warranties;
-
Sellers warranties;
-
Confidentiality
-
And many other usual provisions to protect your interest.
Options are usually drafted to suit a particular set of circumstances.
