Where a patent is granted1 to two or more persons, then, subject to any agreement to the contrary, each of them is entitled to an equal undivided share in the patent2, and each of them is entitled, by himself or his agents, to do in respect of the invention3 concerned, for his own benefit and without the consent of or the need to account to the other or others, any act which would otherwise amount to an infringement of the patent concerned4. However, except under a direction from the comptroller5 and subject to any agreement for the time being
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This Practice Note provides an introduction to intercreditor agreements and their key provisions. This Practice Note:•explains the purpose of having an intercreditor agreement and when an intercreditor agreement would be used instead of a deed of priority or subordination deed•provides links to
Produced with input from Rebecca Cousin of Slaughter and May on market practice.This Practice Note summarises the rules and guidance in relation to parties who are, or may be presumed to be, acting in concert for the purposes of The City Code on Takeovers and Mergers (the Code). In particular the
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