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Spin-outs based on university research involve turning academic IP into a commercial company. In England this work covers identifying and protecting IP, negotiating assignment of IP rights to the spin-out, drafting founder shareholder agreements, setting up share structures, and negotiating licenses to the university or to investors; advising on corporate governance, funding rounds, and regulatory/compliance issues; and guiding through company formation, contracts with researchers, and ongoing IP management. A solicitor coordinates with the university technology transfer office, investors, and potential customers to secure the venture's rights and obligations.
It involves complex IP ownership questions, option and licensing terms, equity allocations among founders, and milestones linked to funding, with potential public sector grant conditions. The solicitor handles IP assignment, due diligence, term sheets, and post‑formation governance, ensuring protection, freedom to operate, and compliant reporting to the university and investors.
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