In today's high-tech economy, businesses often buy intellectual property, like software, websites, copyrights, patents, trademarks, and more.
Grow like Google by acquiring tech.
Tech companies like Google and Facebook grow by purchasing tech from other companies. That’s the dream, right? Build a messaging app and have Facebook buy you for $21.8 billion (that’s the story behind WhatsApp). But you don’t have to be a tech giant to be buying intellectual property. For example, it’s pretty common now for a business to buy a website from someone else. You could even be buying code, software, or an app from someone.
Patents, trademarks, and copyrights - the "low" tech stuff is still important, too.
It isn’t all software and apps. Businesses also buy copyrighted materials, trademarks, and patents from others. These are also known as intellectual property (or if you really want to sound like you’re a pro, call it “IP”). When you buy intellectual property from another person or business, you need an agreement for it and there’s a fair bit that goes into it. For example, promises by the seller that they own the intellectual property free from claims of anyone else. The normal sorts of things need to go into the agreement too, like the purchase price and passing over all copies the seller may still have.
Don't worry, it's not as hard as you think. We've made it easy to put the pieces together.
The most frustrating projects are the ones where you just don’t even know where to start. We get that. When you click on Make a My Document, our guide will walk you through how to set up your Intellectual Property Purchase Agreement with helpful tips at each step.
You can also save your document and continue later if you need to think about things. So, let’s go through it together step by step.
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