IP evaluation and option agreement—pro-licensee
Produced in partnership with Simon Portman of Marks & Clerk
IP evaluation and option agreement—pro-licensee

The following IP precedent Produced in partnership with Simon Portman of Marks & Clerk provides comprehensive and up to date legal information covering:

  • IP evaluation and option agreement—pro-licensee
  • Background
  • 1 Definitions and interpretation
  • 2 Conduct of evaluation
  • 3 Exercise of option
  • 4 Confidentiality
  • 5 Intellectual property rights
  • 6 Term and termination
  • 7 Force majeure
  • 8 Dispute resolution
  • 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]

Parties

  1. 1

    [insert licensor name] [of OR a [company OR partnership OR limited liability partnership OR [incorporated OR constituted OR in [insert jurisdiction, eg England and Wales] whose registered number is [insert company or LLP number] and whose [registered office OR principal place of business OR is at OR [insert address] (Licensor); and

  1. 2

    [insert licensee name] of OR a company OR partnership OR limited liability partnership] incorporated OR constituted] in [insert jurisdiction, eg England and Wales] whose registered number is [insert company or LLP number] and whose registered office OR principal place of business] is at] [insert address] (Licensee)

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

Background

    1. (A)

      The Licensor owns the Technology IP.

    1. (B)

      The Licensee has agreed

Popular documents