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Intellectual Property Valuation Agreement template
Intellectual Property Valuation Agreement sample


What is Intellectual Property Valuation Agreement?

Intellectual Property Valuation Agreement An agreement valuing intellectual property assets, specifying valuation methods, experts, and dispute resolution processes.



Sample template:



Intellectual Property Valuation Agreement


This Intellectual Property Valuation Agreement (the "Agreement") is entered into as of [Effective Date], by and between [Party A], a [type of entity and state of incorporation/formation] ("Party A"), and [Party B], a [type of entity and state of incorporation/formation] ("Party B"), collectively referred to as the "Parties."

1. Purpose

1.1. Scope of Services


The purpose of this Agreement is to set forth the terms and conditions under which Party A and Party B agree to engage in the valuation of certain intellectual property assets (the "Valuation Services") as described herein. The specific intellectual property assets subject to this Agreement shall be identified in a separate Intellectual Property Asset Schedule to be appended hereto and incorporated herein by this reference (the "IP Assets").



2. Valuation Methodology

2.1. Selection of Methods


The Parties shall agree upon the appropriate valuation methods for the IP Assets, giving due consideration to the specific attributes and characteristics of such assets. The valuation methods that may be employed in performing the Valuation Services include, but are not limited to, the following:


(a) Cost Method;


(b) Market Method;


(c) Income Method; and


(d) Any other method the Parties deem appropriate.



2.2. Standards and Practices


The Valuation Services shall be conducted in accordance with generally accepted appraisal standards and practices in the United States, including any applicable guidance provided by the American Society of Appraisers or other professional appraisal organizations.



3. Valuation Experts

3.1. Appointment of Experts


The Parties agree that one or more independent and qualified valuation experts (each, a "Valuation Expert") may be appointed to perform the Valuation Services. The Parties shall jointly select and agree upon any Valuation Expert(s) to be retained under this Agreement.



3.2. Expert Qualifications


Any Valuation Expert retained to perform the Valuation Services shall possess the necessary qualifications, experience, and expertise in the area of intellectual property valuation and shall be a member in good standing of a recognized professional appraisal organization.



3.3. Independence


Each Valuation Expert shall act independently and impartially in performing the Valuation Services and shall not be an affiliate or representative of either Party A or Party B. Further, each Valuation Expert shall disclose any conflicts of interest, if any, prior to appointment or during the valuation process.



4. Valuation Process and Deliverables

4.1. Deliverables and Timelines


Upon completion of the Valuation Services, the Valuation Expert(s) shall prepare and submit to each Party a detailed and comprehensive valuation report, containing, at a minimum, the following information:


(a) A description of the IP Assets;


(b) The valuation methodology or methodologies employed;


(c) An explanation and rationale for any key assumptions, data, or analysis used in the valuation;


(d) The final valuation conclusion; and


(e) Any other information deemed relevant by the Valuation Expert(s).



4.2. Dispute Resolution


In the event that any disputes arise between the Parties concerning any aspect of the Valuation Services or the resulting valuation report, the following process shall be utilized to resolve such disputes:


(a) The Parties shall attempt to resolve the dispute in good faith through negotiations;


(b) If the Parties are unable to resolve the dispute through negotiations, a second Valuation Expert may be retained, with the same qualifications as the initial Valuation Expert, to review and determine the validity of the contested aspects of the valuation; and


(c) The decision of the second Valuation Expert shall be final and binding upon the Parties.



5. Confidentiality

5.1. Confidentiality Obligations


Each Party, including any Valuation Expert(s), shall maintain the confidentiality of all information, including the IP Assets and any trade secrets, disclosed to them in connection with the performance of the Valuation Services.



6. Governing Law and Jurisdiction

This Agreement shall be governed by and construed in accordance with the laws of the United States and the state of [state], without giving effect to any principles of conflicts of law. Any disputes arising under or in connection with this Agreement shall be subject to the exclusive jurisdiction of the state and federal courts located in [state].



7. Miscellaneous

7.1. Entire Agreement


This Agreement, including any Intellectual Property Asset Schedule and any other documents executed contemporaneously herewith, constitutes the entire agreement between the Parties regarding the subject matter hereof and supersedes any prior agreements, representations, or understandings, whether written or oral, relating thereto.



7.2. Amendments


No modification, amendment, or waiver of any provision of this Agreement shall be effective unless in writing and signed by both Parties.



7.3. Counterparts


This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.



IN WITNESS WHEREOF, the Parties have duly executed this Intellectual Property Valuation Agreement as of the date first written above.

[Party A]
__________________________
[Name], [Title]

[Party B]
__________________________
[Name], [Title]

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Main Sections of an Intellectual Property Valuation Agreement


In this Intellectual Property Valuation Agreement, you will see the following sections:

  1. Purpose
  2. Valuation Methodology
  3. Valuation Experts
  4. Valuation Process and Deliverables
  5. Confidentiality
  6. Governing Law and Jurisdiction
  7. Miscellaneous


About each Section - Analysis and Summary:

  1. Purpose : This section explains the reason for the agreement, which is to set the terms and conditions for valuing certain intellectual property assets. The specific assets will be listed in a separate schedule attached to the agreement.

  2. Valuation Methodology : This section outlines the different valuation methods that may be used to value the intellectual property assets, such as the Cost Method, Market Method, and Income Method. The parties will agree on the appropriate method(s) to use, and the valuation will be conducted according to generally accepted appraisal standards and practices.

  3. Valuation Experts : This section describes the process for selecting and appointing independent valuation experts to perform the valuation services. The experts must have the necessary qualifications, experience, and be members of a recognized professional appraisal organization. They must also act independently and impartially, disclosing any conflicts of interest.

  4. Valuation Process and Deliverables : This section details the deliverables and timelines for the valuation process. The valuation expert(s) will prepare a comprehensive valuation report, which includes a description of the assets, the valuation methodology used, key assumptions, and the final valuation conclusion. If any disputes arise between the parties, a dispute resolution process is outlined.

  5. Confidentiality : This section emphasizes the importance of maintaining confidentiality for all information disclosed during the valuation process, including the intellectual property assets and any trade secrets.

  6. Governing Law and Jurisdiction : This section specifies that the agreement will be governed by the laws of the United States and a particular state. Any disputes arising from the agreement will be subject to the exclusive jurisdiction of state and federal courts located in that state.

  7. Miscellaneous : This section covers various miscellaneous provisions, such as the entire agreement clause, amendment process, and the ability to execute the agreement in counterparts. It clarifies that the agreement, along with any attached schedules, represents the entire understanding between the parties and can only be modified in writing and with the consent of both parties.

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