REPRINTED WITH PERMISSION FROM VOLUMES ONE AND TWO OF The Emerging Growth Companies Series From Glasser Legal Works Order From 1-800-308-1700
TECHNOLOGY ASSIGNMENT AGREEMENT This Agreement is entered as of _________________, ______ between __________________, a Delaware corporation (the "Company"), and _______________________, an individual ("Developer"). [The assignment and stock issuance hereunder is intended to qualify for tax-free treatment under Internal Revenue Code Section 351.] [COMMENT: See the explanation of IRC Section 351 in Section C of Chapter 1; if Section 351 criteria are not met, the transaction will likely be taxable even though Developer receives only illiquid stock as consideration.] 1.