Free Ownership Transfer Agreement Letter Template
Ownership Transfer Agreement Letter
Date: October 24, 2050
Philip Mitchell
Steele Eagle Technologies
philip@you.mail
Indianapolis, IN 46201
Dear Philip Mitchell,
This letter serves as a formal agreement regarding the transfer of ownership of certain assets from [Your Company Name] to Steele Eagle Technologies.
Background
[Your Company Name] has developed several valuable assets, including:
-
Advanced-Data Analytics Software
-
Proprietary Market Research Reports
-
Customer Relationship Management Tools
These assets were created between January 15, 2020, and September 30, 2023, and are currently owned by [Your Company Name].
Agreement
1. Transfer of Ownership:
By signing this agreement, [Your Company Name] agrees to transfer all rights, titles, and interests in the aforementioned assets to Steele Eagle Technologies, effective immediately upon the date of this letter.
2. Consideration:
In consideration for the transfer of ownership, Steele Eagle Technologies agrees to compensate [Your Company Name] the total sum of $300,000, payable within 30 days of the signing of this agreement.
3. Warranties:
[Your Company Name] warrants that it is the sole owner of the assets and has the right to transfer ownership. Steele Eagle Technologies acknowledges that upon the transfer, it will assume all responsibilities for the management and protection of the assets.
4. Governing Law:
This agreement shall be governed by the laws of the state of Indiana. Any disputes arising from this agreement shall be resolved in the appropriate courts of Indiana.
Signatories
By signing below, both parties acknowledge and agree to the terms outlined in this letter regarding the transfer of ownership of the specified assets.
For [Your Company Name]:
[Your Name]
Chief Executive Officer
Date: October 24, 2050
For Steele Eagle Technologies:
Philip Mitchell
Chief Technology Officer
Date: October 24, 2050
Please sign and return a copy of this letter to indicate your acceptance of these terms. Should you have any questions or require further clarification, please feel free to reach out.
Sincerely,
[Your Name]
[Your Company Name]
[Your Company Email]
