Marketplace Terms

These terms apply to the Ragulika IP Marketplace, together with the Terms of Use.

1. Our role

We provide a venue where owners of intellectual property can list it and interested parties can review it and negotiate. We are not a party to any transaction, we do not act as broker, agent, escrow agent or legal adviser for either side, and we do not guarantee that any deal will happen. We act as an intermediary under the Information Technology Act, 2000.

2. Fees

Listing, NDAs, data rooms and negotiations are free. We take no commission and process no payments. If this changes, we will publish the fees and give at least 30 days' notice; they will not apply to deals already started.

3. Sellers

Before a listing can go live, the seller must: - complete identity verification (KYC/KYB); - own the IP or be authorised in writing to deal with it, and upload evidence (for example the patent certificate, registration or assignment deed); - disclose any licences, encumbrances, disputes, oppositions or challenges, and keep the legal status (granted, pending, lapsed) and renewal position accurate; - keep the listing accurate and pause or withdraw it if anything material changes.

A moderator reviews ownership and content before a listing is published. If a seller edits a live listing (after pausing it), it goes back for review before it is live again. Moderation reduces risk but does not guarantee title, validity, value or that the information is complete.

4. Buyers and licensees

To see confidential information a buyer must complete identity verification and electronically sign the listing's standard NDA; the seller may also need to approve each request. Buyers must carry out their own due diligence, including a legal review of title, validity, encumbrances and freedom to operate.

5. NDAs and data rooms

• The NDA binds the buyer as receiving party and the seller as disclosing party. It is an electronic record under the Information Technology Act, 2000. We keep a copy, a fingerprint of its text, the name typed, the time and an anonymised network identifier.
• Data-room documents are watermarked with the buyer's name and email at download; every download is logged and shown to the seller.
• Access ends when the NDA is revoked or the listing is closed or withdrawn. Obligations under the NDA continue for the period it states.

6. Negotiations and term sheets

Offers in the negotiation room are proposals. When an offer is accepted, the platform produces a term sheet that is not binding (except for confidentiality). A transaction binds the parties only when they sign a definitive assignment or licence agreement, and money changes hands directly between them under that agreement — not through Ragulika IP.

7. Prohibited listings and conduct

No listings of IP you do not own or control, IP subject to undisclosed disputes or court orders, IP whose transfer would breach sanctions, export-control or foreign-exchange laws, or anything that breaches the Terms of Use. No attempts to move parties off the platform to avoid an NDA, and no use of data-room material outside the NDA.

8. Complaints and takedown

If you believe a listing infringes your rights or is unlawful, write to the Grievance Officer (rupalika@ragulikaip.com) with the listing reference and your reasons. We acknowledge complaints within 24 hours and act on them within 15 days, or sooner where the law requires, and we will remove unlawful content when we are required to.

9. Disputes between users

Disputes about a deal are between the parties. We may share records we hold (for example the signed NDA and download log) with both parties or as the law requires. Subject to any arbitration clause in your deal documents, the courts at Prayagraj, Uttar Pradesh have jurisdiction.