The following IP precedent Produced in partnership with Chris Shelley of Penningtons Manches LLP provides comprehensive and up to date legal information covering:
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 dated [insert date]
[insert name] [of OR a company incorporated in [insert jurisdiction, eg England and Wales] under number [insert registered number] whose registered office is at] [insert address] (Licensor); and
[insert name] [of OR a company incorporated in [insert jurisdiction, eg England and Wales] under number [insert registered number] whose registered office 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.
The Licensor is the [owner of OR applicant for] the Licensed Patents and possesses the Licensed Know-How.
The Licensor wishes to grant a licence to the Licensee to exploit the Licensed Patents and the Licensed Know-How and the Licensee wishes to accept that licence subject to and in accordance with the terms of this Agreement.
The parties agree:
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0330 161 1234
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