A Trademark Purchase Agreement is used when a trademark owner wishes to sell their registered trademark rights to another party. This document, governed by Singapore law, sets out the terms and conditions of the sale, including the purchase price, warranties about the trademark's validity, and provisions for recording the transfer with IPOS. It's particularly important in corporate acquisitions, brand divestitures, or strategic brand purchases, ensuring compliance with Singapore's trademark regulations and providing legal certainty for both parties.
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1. Parties: Identification of the seller and purchaser of the trademark
2. Background: Context of the transaction and brief history of the trademark
3. Definitions: Key terms used tHRoughout the agreement
4. Sale and Purchase: Core transaction terms including purchase price and payment terms
5. Assignment and Transfer: Specific provisions regarding the transfer of trademark rights
6. Warranties and Representations: Seller's guarantees regarding trademark ownershIP and validity
7. Completion: Closing requirements and procedures
1. Transitional Arrangements: Used when there's a need for temporary licensing or phase-out periods for the seller's continued temporary use of the trademark
2. Non-Competition: Restrictions on seller's future use of similar marks, used when there's risk of market confusion or competition
3. Tax Provisions: Specific tax treatment and obligations for high-value transactions or cross-border deals
1. Schedule 1: Trademark Details: Complete details of the trademark(s) being sold including registration numbers
2. Schedule 2: Existing Licenses: List of current trademark licenses that will be transferred
3. Schedule 3: Form of Assignment: Official trademark assignment form for IPOS filing
4. Appendix A: Trademark Usage Guidelines: Optional appendix including guidelines for proper trademark usage
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