Agreement for Transfer of Right /Title /Interest in Website
AGREEMENT
BETWEEN
M/S
XYZ PVT. LTD.
AND
M/S
ABC PVT. LTD.
THIS
AGREEMENT made at Mumbai this ____ day of _________, 2000 BETWEEN M/s XYZ PVT.
LTD., a private limited company incorporated under the Companies Act, 1956 and
having its registered office at ___________________.hereinafter referred to as
"the Transferor" of One Part AND M/s ABC PVT.LTD, a private limited
company incorporated under the Companies Act, 1956 and having its registered
office at_________________, here in after referred to as "the
Transferee" of the Other Part and reference to the parties hereto shall
unless repugnant to the context or meaning thereof mean and include their
respective administrators, successors and assigns;
WHEREAS
the Transferor is carrying on the business of Website development since 1998;
AND
WHEREAS the Transferor has incurred heavy expenditure by way of advertisements,
payments to employees, overhead expenditure, etc. in developing the Website
"______________.COM";
AND
WHEREAS the Transferor has agreed to transfer and assign the right, title and
interest of the Website "____________.COM" to the Transferee and the
Transferee has agreed to take over the same along with all the rights of the
contents and the brand name at or for the price and on the terms and conditions
as recorded here in below;
NOW
THIS AGREEMENT WITNESSETH AND IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES
HERETO AS UNDER:-
1. The Transferor hereto
is carrying on the business of Website development.
2. The Transferor has
incurred various expenditure in the process of development of the Website
"______________.COM".
3. The Transferor has
now agreed to sell, transfer and assign its entire right, title and interest in
the content and the brand name of ______________ COM. to the Transferee and the
Transferee has agreed to purchase and acquire the same at or for a total price
of Rs._________/- (Rupees _________________ only).
4. The Transferee has
paid to the Transferor the full and final consideration of Rs._______/- (Rupees
____________________ only) for transfer/sale of rights to the content and brand
name of "______________.COM." by Cheque No.______ dated
__/__/___drawn on _____________________ Bank, the receipt whereof the
Transferor doth hereby admit and acknowledge.
5. The Transferor
declares and states that the Website "______________.COM" is free
from all lien, charge, claim, encumbrance, right of anyone over the same and
that the Transferee can use and acquire the same without any claim of liability
of anyone over it.
6. The Transferor hereby
indemnifies and agrees to keep indemnified the Transferee at all times
unconditionally from and against any claims, dues, taxes, liabilities, charges,
etc. that may arise on account of the Website ______________.com up to the date
hereof.
7. This Agreement is
made at Mumbai, the payments have been made in Mumbai and is subject to Mumbai
jurisdiction.
IN
WITNESS WHEREOF the parties hereto have hereunto set and subscribed their
respective hands the day and year first hereinabove written.
SIGNED
AND DELIVERED by the with in named)
M/S
XYZ PVT. LTD.)
by
its ___________Mr. ______________________)
in
the presence of)
SIGNED
AND DELIVERED by the with in named)
M/S
______________.COM PVT. LTD.)
by
its ________________ Mr. ________________)
in
the presence of)