Form representations and warranties as to intellectual property (IP) matters for use in an asset purchase agreement. This document includes comprehensive IP representations and warranties drafted in favor of the buyer covering the ownership and use of IP and IP licenses included in the purchased assets and third-party infringement claims concerning the target business. It also includes basic representations and warranties covering the information technology (IT) systems used in the target business and privacy and data security matters. These Standard Clauses have integrated drafting notes with important explanations and drafting tips.