Intra-group intellectual property licence
Intra-group intellectual property licence

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

  • Intra-group intellectual property licence
  • Background
  • 1 Definitions and interpretation
  • 2 Commencement
  • 3 Duration
  • 4 Grant of licence
  • 5 Use of the Licensed IPR
  • 6 Fees and expenses
  • 7 Costs
  • 8 Taxes and duties
  • 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 Licence is made on [insert date] (Commencement Date):

Parties

  1. 1

    [insert licensor name] a company incorporated in [England and Wales] under number [insert company number] and whose registered office is at [insert address] (the Licensor); and

  1. 2

    [insert licensee name] a company incorporated in [England and Wales] under number [insert company number] and whose registered office is at [insert address] (the Licensee)

(each of the Licensor and the Licensee being a party and together the Licensor and the Licensee are the parties).

Background

    1. (A)

      [Explain relationship between the Licensor and the Licensee.]

    1. (B)

      [The Licensor has entered into an agreement with the Licensee [dated [insert date]] (Main Agreement) for [insert other description of relevant transaction (referencing any relevant related agreements)] (‘Transaction’).]

    1. (C)

      The Licensor has agreed to license, and the Licensee has agreed to take a licence of certain intellectual property rights that the

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