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Title: |
Asset Purchase Agreement |
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Entities: |
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Date: |
2002 |
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Preview shows 5KB of 46KB total |
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Price: |
$39 |
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ID: |
#884893 |
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ASSET PURCHASE AGREEMENT
THIS ASSET PURCHASE AGREEMENT ("Agreement") is dated as of the 6th day
of February, 2002 ("Effective Date"), by and between Gary M. Onik, M.D., an
individual, and any person or entity that directly, or indirectly through one or
more intermediaries, controls or is controlled by or is under common control
with Dr. Onik (collectively, "Assignor") and Endocare, Inc., a Delaware
corporation (the "Company").
WHEREAS, the Company is a medical device company in the business of
developing urological healthcare technologies with the potential to dramatically
improve men's health and quality of life.
WHEREAS, Assignor is a medical physician by trade, but during a period
ended at least one year prior to the date hereof Assignor developed intellectual
property rights, hereinafter described, as a by-product of his profession as a
physician, and the parties acknowledge that Assignor is not and never has been a
professional developer of intellectual property rights or know-how.
WHEREAS, pursuant to the terms and conditions of this Agreement,
Assignor wishes to sell to the Company, and the Company desires to purchase from
Assignor all of Assignor's right, title and interest in and to all of Assignor's
intellectual property rights related to clinical experience and proprietary
surgical techniques relating to the fields of cryosurgery, nerve-sparing
cryosurgical procedures, tissue ablation (excluding electroporation) and
urological imaging (excluding electrical impedance tomography).
WHEREAS, in connection with the sale of the assets, Dr. Onik will
continue his service as a consultant of the Company.
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties agree as follows:
1. Purchase and Sale. Pursuant to the terms set forth herein, Assignor
hereby sells, assigns, transfers and conveys to the Company, and the Company
purchases and accepts, all of Assignor's right, title and interest throughout
the world in and to all industrial and intellectual property rights relating to
the "Technology" as used in the Business (as defined in Section 16, below)
(collectively, "Rights") (as such "Technology" is described in Schedule A),
including but not limited to the following:
(a) all patents and patent applications, and any and all patents that
are or may be granted therefrom, whether in the United States or any other
country or jurisdiction, including, without limitation, any continuations,
continuations-in-part, divisions, reissuances, reexaminations, renewals,
revisions and extensions thereof;
(b) all trademarks, service marks, trade names, domain names, logos,
and trade dress, together with all translations, adaptations, derivations and
combinations thereof, including all registrations and applications for
registration in the United States or any other country or jurisdiction
pertaining to the same, and any common law rights therein and goodwill
associated therewith;
<PAGE>
(c) all copyrighted or copyrightable works, including all copyright
registrations or applications therefor (along with any rights of renewal or
extension) in the United States or any other country or jurisdiction;
(d) all computer software (including, without limitation, source and
object code), including any proprietary rights therein and all related
documentation and other materials related to the computer software (in whatever
medium or form);
(e) all rights of paternity, integrity, disclosure and withdrawal and
any other rights that may be know as or referred to as "moral rights";
(f) all database technologies, systems, structures and architectures;
(g) all trade secrets, know-how, technology and other confidential
business information relating to the Business (including, without limitation,
product specifications, data, formulae, algorithms, compositions, processes,
designs, sketches, photographs, graphs, drawings, samples, inventions and ideas,
past, current and planned research and development, customer lists, customer
files, current and anticipated customer requirements, price lists, market
studies, marketing materials and business methods and plans), however embodied
or documented;
(h) all information concerning the Business and the affairs of
Assignor related to the Business (including, without limitation, financial
projections and budgets, historical and projected sales, capital spending
budgets and plans, personnel training and policy documentation), however
documented;
(i) all notes, analysis, compilations, studies, summaries, and other
material prepared by or for Assignor containing or based, in whole or in part,
on any information included in any of the foregoing subsections (a) through (a),
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