Transfer Letter of Ownership of Intellectual Property

Transfer Letter of Ownership of Intellectual Property

Date: October 24, 2050


Jean Harris
GazeGuru
jean@you.mail
Columbus, OH 43215

Subject: Transfer of Ownership of Intellectual Property

Dear Jean Harris,

This letter serves as a formal agreement regarding the transfer of ownership of certain intellectual property rights from [Your Company Name] to GazeGuru.

Background

[Your Company Name] has developed unique intellectual property consisting of the following items:

  1. Proprietary E-commerce Platform

  2. Customer Relationship Management System

  3. Mobile Application for Retail Analytics

The above intellectual property was created on January 10, 2022, and is currently under the ownership of [Your Company Name].

Agreement

1. Transfer of Rights:
By signing this agreement, [Your Company Name] hereby transfers all rights, titles, and interests in the aforementioned intellectual property to GazeGuru, effective immediately upon the date of this letter.

2. Consideration:
In consideration for the transfer of ownership, GazeGuru agrees to compensate [Your Company Name] the total sum of $200,000, to be paid within 30 days of the signing of this agreement.

3. Warranties:
[Your Company Name] warrants that it is the sole owner of the intellectual property and has the right to transfer ownership. GazeGuru acknowledges that upon the transfer, it will be responsible for any further licensing, registration, or legal protections pertaining to the intellectual property.

4. Governing Law:
This agreement shall be governed by the laws of the state of Ohio. Any disputes arising from this agreement shall be resolved in the appropriate courts of Ohio.

Signatories

By signing below, both parties acknowledge and agree to the terms outlined in this letter regarding the transfer of ownership of the specified intellectual property.

For [Your Company Name]:

[Your Name]
Chief Executive Officer
Date: October 24, 2050

For GazeGuru:

Jean Harris
Chief Operating Officer
Date: October 24, 2050

Please sign and return a copy of this letter to indicate your acceptance of these terms. If you have any questions or require further clarification, do not hesitate to reach out.

Sincerely,

[Your Name]
[Your Company Name]
[Your Company Email]

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