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Home Q&A Forum How are intellectual properties handled in an asset purchase agreement?

Intellectual Property

Asset Purchase Agreement

North Carolina

Asked on Oct 11, 2023

How are intellectual properties handled in an asset purchase agreement?

I am looking to purchase a business that includes intellectual property and I want to ensure that it is properly handled in the asset purchase agreement. I am concerned that the intellectual property may not be properly transferred to me in the agreement and I want to make sure that the agreement is legally binding and that I will be the rightful owner of the intellectual property after the purchase.

1 Attorney answer

Answer

Intellectual Property

North Carolina

Answered 270 days ago

N'kia N.

ContractsCounsel verified

Business Lawyer
Licensed in North Carolina
Free Consultation

Although not necessarily required, the parties to an asset purchase agreement oftentimes find that it is in their best interests to work with a knowledgeable intellectual property attorney. The attorney can negotiate and draft the parts of the agreement that pertain specifically to intellectual property. The attorney can also assist with the parts of the agreement that do not appear to affect intellectual property but have the potential to. If you are considering an asset purchase agreement that involves intellectual property, you should also consider hiring an intellectual property attorney.

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