It is highly important you make the necessary changes in accordance with the nature and background of your business and the signing parties. Consult your attorney before you implement this contract as is.
This 10-page NCND and Recognition of Rights Agreement was written and developed to act as a legal document between two brokers acting as mediators between a seller and a buyer, by which the two brokers confirm the financial rights of the other party in the current and future transactions. The agreement also acts as a mutual non-circumvention and non-disclosure agreement between the two. This agreement comprises 4 Articles: Definitions; Recognition of Rights; Mutual Non-Circumvention and Non-Disclosure; and Miscellaneous.
This Website Purchase Agreement covers all of the critical points of a transaction including:
-Related Assets included in the sale (e.g. IP, Brand, Records, Third Party Agreements, Domains, Social Media)
-Payment provisions
-Pre and Post – Closing Obligations
-IP assignment
-Warranties
-Reciprocal indemnification provisions
-A non-compete clause