Additional Transfer Agreements Clause Samples
The "Additional Transfer Agreements" clause establishes the requirement or process for entering into further agreements to facilitate the transfer of certain rights, assets, or obligations beyond the main contract. In practice, this clause may specify that the parties must execute supplementary documents or agreements if needed to complete the transfer of intellectual property, licenses, or other assets. Its core function is to ensure that all necessary legal steps are taken to fully effectuate the intended transfers, thereby preventing gaps or disputes regarding ownership or rights after the main agreement is executed.
Additional Transfer Agreements. Each of the Licensor and the Licensee hereby acknowledges and agrees that it will negotiate in good faith and enter into one or more transfer agreements, if necessary, to document any contributions or transfers of additional property to the Licensor from the Licensee that may include, without limitation, any and all improvements, enhancements, updates, error corrections, and other changes and additions to the Prosper System from and after the Closing Date (regardless of whether such improvements, enhancements, updates, error corrections, and other changes and additions are conceived, developed and/or made by, for or on behalf of the Licensor or the Licensee), or any additional hardware, software or other property related to the Prosper System. The Licensor and the Licensee hereby acknowledge and agree that any such agreement shall be substantially similar to the Asset Transfer Agreement.
Additional Transfer Agreements. Each of Prosper Funding and PMI hereby acknowledges and agrees that it will negotiate in good faith and enter into one or more transfer agreements, if necessary or prudent, to document any contributions or transfers of additional property to Prosper Funding from PMI that may include, without limitation, any and all improvements, enhancements, updates, error corrections, and other changes and additions to the Prosper Card IP or White Label IP from and after the Effective Date (regardless of whether such improvements, enhancements, updates, error corrections, and other changes and additions are conceived, developed and/or made by, for or on behalf of Prosper Funding or PMI), or any additional hardware, software or other property related to the Prosper Card IP or White Label IP. Prosper Funding and PMI hereby acknowledge and agree that any such agreement shall be substantially similar to this Agreement.