When to use:
Whenever an option is needed.
This agreement is suitable for:
All types of intellectual property, not just domain names. We have chosen a domain name as an example for our example because the transfer procedure is complicated and involves third parties. Yours may well be more straight-forward – simply amend the document at the marked places. For example, it could be applied to an option to buy a trade mark or a patent.
Agreement NZ-ECM523 includes the following provisions:
· specifics of transaction;
· mechanics of exercise with alternative part payment option;
· what constitutes completion;
· buyers warranties;
· sellers warranties;
· confidentiality
· and many other usual provisions to protect your interest.
Options are usually drafted to suit a particular set of circumstances
