General intellectual property contract
General intellectual property contract

The following IP precedent provides comprehensive and up to date legal information covering:

  • General intellectual property contract
  • Background
  • 1 Definitions and interpretation
  • 2 Priority
  • 3 Duration
  • 4 Intellectual Property Rights—Licence
  • 5 Intellectual Property Rights—Transfer
  • 6 Fees and expenses
  • 7 Taxes and duties
  • 8 Invoicing and payment timetable
  • More...

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP completion day mean for intellectual property?

This Agreement is made on [insert date] (the Commencement Date) between the following parties (each a ‘party’ and together the ‘parties’):

Parties

  1. 1

    [insert supplier name] a company incorporated in England and Wales whose registered number is [insert company number] and whose registered office is at [insert registered office] (Supplier); and

  1. 2

    [insert customer name] a company incorporated in England and Wales whose registered number is [insert company number] and whose registered office is at [insert registered office] (Customer).

Background

    1. (A)

      [insert details]

    1. (B)

      [insert details]

The parties agree:

    1. 1

      Definitions and interpretation

      1. 1.1

        Words shall have the meanings given to them in this Agreement, including without limitation as set out below:

        Associate

        1. means in relation to a party, any other entity which directly or indirectly Controls, is Controlled by, or is under direct or indirect common Control with that party from time to time;

        [Associated with

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