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science & technology
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| cleantech |
As a specialist corporate and technology practice, a very large proportion of our work involves the exploitation of technology and scientific innovation. We advise on the legal aspects of a vast range of arrangements in these fields including the following:
science
This work has led us to develop sub-specialisms within these broad headings and these are briefly discussed below.
Although there is no strict definition of open source software, it is possible to generalise with a degree of accuracy. In general therefore, OSS is licensed on standard terms for all, is available for redistribution without payment and is provided with the source code. There are numerous other facets to OSS but this is a useful starting point. Our technology lawyers are able to guide clients through the complexities of OSS licensing and its interface with applications and systems.
By way of background, unregistered rights offer protection to the owner against infringement and use, with examples including copyright, unregistered design rights, unregistered trade-marks and confidential information (and know-how). Registered rights confer a monopoly allowing the owner to prevent others from using the right (except with permission). Examples in the UK include patents, trade-marks and registered designs.
As regards IP law, we can advise on:
Unregistered trade-marks offer protection through an action for “passing off”. This is an action which relies upon demonstrating that a misrepresentation has been made which could mislead the public. We can advise on the merits of such claims and handle both the bringing of such a claim and defending such claims.
Design rights – these are rights which protect the appearance of a product (or part of it) and the right may be registered or unregistered. To be registrable, a design right must:
Copyright – the law of copyright in the UK protects the expression of original artistic, musical, dramatic and literary works from reproduction. This protection is particularly relevant to media and technology businesses as it extends to computer programs, broadcasts, sound recordings, films etc. and lasts for 70 years after the death of the author (except for sound recordings and broadcasts, which are protected for 50 years from publication).
Patents – these are monopoly rights which protect many types of new invention provided they involve an “inventive step” and are capable of industrial application. The protection, once granted, lasts for 20 years (in the UK and most other countries) and requires an application to be made and proven (the inventor is not entitled to a patent as of right) which results in the invention being made public in return for the limited grant of the monopoly right over its exploitation. |
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| software development | |||
| technology licensing | |||
cleantech
There has been considerable interest in the past 10 years in the emerging technologies and industries comprising the so-called “green-tech” sector. With many of our venture capital clients seeking companies that can develop products which make better use of natural resources, we have seen increased activity in this space.
At White & Black, we can advise on funding arrangements for clean technology companies and also on fund-formation work for specialist cleantech funds. As part of our fund-formation work, we can advise on the creation of suitable fund structures and can liaise with your tax advisers on favourable mechanisms for tax purposes. The “limited partnership” (formal under the 1907 act) is the traditional fund vehicle in the UK and indeed LPs (or local equivalents) are common for most US and European funds. In the UK, the key aspects of limited partnerships are that:
- there are 2 types of partner, general partners and limited partners. General partners have management control over the partnership and unlimited liability to third parties for the partnerships debts whereas limited partners have no active management rights and are generally only liable for partnership debts up to a nominal sum;
- partner relations are largely unregulated and a matter of contract;
- they are largely free from the legal formalities which apply to companies; and
- they are tax ‘transparent’.
We are of course also able to draft suitable investment documentation (investor rights agreements, shareholders agreements and articles of association etc) and ancillary paperwork such as term sheets, NDAs, exclusivity agreements and board minutes.
On the day to day commercial side, we are able to advise on a variety of agreements and arrangements including R&D collaboration agreements, IP licenses, supply agreements and so forth. We also have expertise in clean-tech joint ventures including those where funders and trade players collaborate on a strategic basis.
software development
In today’s global economy the development of software is no longer solely an in-house task. Software development, whether in proprietary or open-source formats, is now being off-shored to India, Eastern Europe, South Africa and elsewhere. Whilst it may be relatively simple to procure software development services, how do businesses know what they are about to sign up to? Project management, specification schedules, change of control procedures and scope/project creep are just some of the challenges of software development which we can guide you through.
More and more software development agreements rely on agile processes and the deployment of methodologies such as SCRUM and XP (Extreme Programming). These are not for the feint-hearted but can often deliver the best results for cutting edge software or start-up environments. At White & Black we not only have expertise in the drafting of software development agreements but we have first hand experience of procuring such services and managing software development projects.
technology licensing
The commercial exploitation of technology doesn’t just occur when you own it. Significant commercialisation of technology can occur in the giving and the taking of certain rights in the technology, usually in the form of a licence. Licences usually offer lower total costs of ownership and can enable a quicker route to market by taking advantage of someone else’s development time.
Licensing is not without its complications. Licensing by its very nature means that the licensee is reliant on an ongoing commercial (and legal) relationship with the rights owner and therefore careful consideration must be given to the conception of that relationship. Such licences can be restricted to specific geographic scope, uses and duration. Careful consideration of these can make licensing a highly effective way of exploiting intellectual property.
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