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Acquisition and licensing covers obtaining IP rights such as patents, trademarks and copyright, and arranging their use through licences or assignments. A solicitor in this area drafts and negotiates assignment agreements, IP licences, field-of-use restrictions, exclusivity terms, royalties and performance milestones, and conducts due diligence on ownership and encumbrances. They also advise on risk allocation, registration requirements with the UK Intellectual Property Office, and enforcement or cooling-off steps if a deal goes wrong.
The solicitor handles the complex structures and terms of IP deals, including contingent royalties, sub-licensing, field-of-use limits and co-ownership. They manage due diligence, identify encumbrances, confirm chain of title, and align the agreement with company commercial goals and regulatory constraints. The process involves drafting robust contracts, negotiating with counterparties, and overseeing registrations and filings where necessary.
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