Research and development agreement (long form)

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

  • Research and development agreement (long form)
  • Background
  • 1 Definitions and interpretation
  • 2 Duration
  • 3 Engagement
  • 4 Fees, taxes and interest
  • 5 Price variation
  • 6 Bank account details
  • 7 Authorised Contacts
  • 8 Costs
  • More...

Research and development agreement (long form)

IP COMPLETION DAY: The Brexit transition period ended at 11pm on 31 December 2020. At this time (referred to in UK law as ‘IP completion day’), transitional arrangements ended and significant changes began 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 researcher name] a company incorporated in [England and Wales] whose registered number is [insert company number] and whose registered office is at [insert registered office] (the Researcher); 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] (the Customer).

Background

    1. (A)

      Researcher is a company with the capability to conduct research in the field of [insert details].

    1. (B)

      Customer wishes to engage Researcher to carry out the Research (as defined below) and Researcher wishes to conduct the same on the terms of this Agreement.

    1. (C)

      [insert details]

The parties agree:

    1. 1

      Definitions and interpretation

      1. 1.1

        In this Agreement:

        Affiliate

        1. means any entity that directly or indirectly Controls, is Controlled by or is under common Control with, another entity;

        Authorised

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