This Practice Note provides a consolidated list of and links to the various clause bank subtopics available within Lexis+® UK that in-house lawyers may find useful. It is designed to act as a signposting tool to both the comprehensive contracts clause bank (available within multiple Lexis+® UK Practical Guidance practice areas) and any additional practice area specific clause banks. Many but not all Lexis+® UK Practical Guidance practice areas have a dedicated clause bank topic. This is because: • clauses may not be of relevance to a particular practice area • a practice area may only require a small selection of clauses so a separate clause bank isn’t warranted, eg Lexis+® UK Arbitration, or • a practice area may contain a lot of clauses across multiple different subtopic areas which would make a consolidated clause bank unwieldy, eg Lexis+® UK Employment, Lexis+® UK Private Client In the second and third scenario, any subtopic-specific clauses will be located within the respective ‘precedents’ pod in that subtopic. Additional precedent clauses that may also

This Practice Note sets out some standard IP definitions and clauses for use in agreements. IP definitions Below is a collection of Precedents IP definitions which can be included in the definitions and interpretation clause of an agreement. These are suggested definitions and care should be taken to ensure

I give [free of tax] to [full name of beneficiary] of [full

I give my freehold house and land (the Property) at [insert full address of house and land] [and known as [insert house and land name(s) if relevant]] to my trustees in fee simple upon trust that my trustees shall if my [spouse OR civil partner [insert full name of spouse or civil partner]] so desire let

1 Seller Share Options 1.1 This clause shall apply in relation to the receipt by the Seller of a valid notice of exercise from any Transferring Employee in respect of any option(s) granted under any share incentive plan operated by the Seller or a member of the Seller’s Group (the Exercise). 1.2 Provided that a member of the Seller’s Group shall have received all information necessary in order to do so, the Seller shall: 1.2.1 with effect from the date of the Exercise give written notice to the Purchaser that the Exercise has occurred (the Notice) 1.2.2 ensure that, in relation to the shares to be issued or transferred in satisfaction of the Exercise, sufficient of those shares

1 In clause 2 below, ‘the Sum’ means the sum of money produced by dividing the sum of £[insert amount of legacy] by the index figure in the Index of Retail Prices for the month in which this Will is executed and (having made allowance for any re-basing of the Index

1 Definitions Business the [insert number ] [star] hotel business operated by the Seller at the Property providing for [accommodation type] [sale food and beverage] [weddings] [conference

I give [free of tax] to [each of] [insert

My trustees shall hold [my residuary estate] upon trust for such of my children as are living at my death and attain the age of 18 years and if more than one in equal shares absolutely. If for any reason any child of mine does not attain a vested interest under

[I declare that if [insert full name or names of persons whose gift(s) might lapse] of [insert full address(es) of persons whose gift(s) might lapse] shall die in my lifetime [leaving issue living at my death or then en ventre but born afterwards], the gift(s) herein contained to them shall not lapse but shall go as if they had survived me and died immediately after my death. This direction shall take effect by way of direct gift to the persons (if any) beneficially interested under the will or on the intestacy (as the case may be) of

If [insert the full name and description of the disabled person who is the object of the trust, eg my son Joe] of [insert full address of disabled person] shall be living and be a disabled person within the meaning of section 89 of the Inheritance Tax Act 1984 at the time of my death, the share of my residuary estate ('the share') directed to be held upon trust for them by my Will shall not vest absolutely in [insert name of disabled person] but shall be retained by my trustees and held upon the following trusts and with and subject to the following

[I appoint: • [name of spouse] [also] of [address of spouse] (my Spouse); [and] • [description of second executor, eg my brother, my daughter, my friend] [name of second executor] of [address of second executor]; [and] • [description of third executor, eg my brother, my daughter, my friend] [name of third executor if applicable] of [address of third executor]; [(my General Executors)] to be the executors and trustees of this Will except as to the part of my estate given to my digital executor[s]. I appoint: • [full name of first executor] of [full address of first executor]; and • [full name of second executor]