When to use:
any time an option is needed.
This agreement is suitable for:
Any type 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. With amendments, the document could be applied to an option to buy a trade mark or a patent.
Agreement AU -ECM523 includes the following provisions:
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Particulars of transaction;
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Mechanics of exercise with alternative part payment option;
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What constitutes completion;
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Buyers warranties;
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Sellers warranties;
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Confidentiality
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and many other usual provisions to protect your interest.
Options tend to be drawn to suit a particular set of circumstances.
