Online Course | IP licensing: An advanced level drafting workshop
26 January 2021–27 January 2021, 2:00 pm–1:00 pm
This 6-hour practical workshop will provide training and “hands-on” experience in the drafting of IP licence agreements.
UCL Laws Events
26 & 27 January 2021
25 & 26 May 2021
About this Course
The terms of intellectual property (IP) licence agreements are sometimes lengthy and complex. There are many points of drafting detail whose importance is not always obvious. For example, fine-tuning the wording of terms such as a net-sales definition or a royalty-stacking clause can significantly affect the financial return that the agreement brings. Drafting and negotiating IP licence agreements requires a special set of skills and knowledge.
This practical workshop will provide training and “hands-on” experience in the drafting of IP licence agreements. It is intended for people who already have at least two years’ day-to-day experience of drafting and negotiating IP-related agreements, and who wish to take their skills to an advanced level.
Specific topics to be considered in the workshop will include:
- The grant clause and associated definitions: which IP, which licensed acts, which field and territory, how much exclusivity; is sublicensing allowed; licence or covenant not to sue; improvements; grant-backs; competition law issues; achieving clarity and accuracy, avoiding circularity and other pitfalls.
- Warranties, liability and indemnities: understanding the risks and market practice; getting instructions; thinking through the complexities and drafting with simplicity; avoiding turgid ‘standard’ wording.
- Payment terms: upfront and milestone payments; other fees; royalties on net sales, net receipts or profits; avoiding arithmetic ambiguities; royalty-stacking clauses; withholding tax terms; VAT, interest, and other standard payment terms; auditing and reports; most favoured licensee terms
- Performance obligations: minimum sales, minimum performance, etc; general obligations of ‘best efforts’, etc; resolving disputes over performance; consequences of non-performance, including termination, loss of exclusivity, changing commercial terms.
- Termination: commencement and expiry; rights of termination; consequences of termination
- Law and jurisdiction: choices in international IP agreements, including law, jurisdiction, arbitration, mediation, etc; which is best?
At the end of this course, attenders should have a better understanding of some of the nuances of drafting in IP licence agreements, including the detailed terms of grant clauses, payment terms, risk allocation and performance obligations, and should be better equipped to draft and negotiate IP licence agreements.
Feedback from previous attendees
- I am very pleased that I attended. I will recommend this to my colleagues.
- Very good detailed explanation and presentation. Excellent hand-outs.
- Great discussions of technical and commercial issues – normally glossed over by other courses on the subject
- Who should attend?
This workshop is designed for principally for IP practitioners who are familiar with contract law, IP law and the basic principles of contract drafting, and would like to increase their knowledge, and practise their drafting skills, with other experienced practitioners.
Attenders will have at least two years’ day-to-day experience of drafting IP-related agreements, and will probably have attended courses on the subject, prior to attending the workshop. This course is designed to be complementary to:
The University College London 5-day practitioner course, Intellectual Property Transactions: Law and Practice
Our 1-day course on Drafting ‘Legal’ Clauses in Commercial Contracts
Our 1-day course on Contract Drafting: an Advanced-Level Workshop
This course focuses on the detailed commercial, legal and practice issues that frequently arise when drafting IP licence agreements, and on how to take account of these issues in the drafting. We will be referring to examples of wording from a licence agreement throughout the day.
- Course Schedule
14:00 – Introduction
14:15 – Licence scope and related issues
[comfort break at around 15:00]
15:45 – Warranties, liability and indemnities
[comfort break at around 16:00]
16:45 – Practical exercises; discussion of answers
17:30 Day one ends
10:00 – Payment terms
[comfort break at around 11:00]
11:05 – Performance obligations
11:45 – Duration, termination, and consequences of termination, Law and jurisdiction, Other terms
[comfort break at around 12:00]
12:30 – Group discussion: finding a workable compromise on contentious clauses
13:00 - Course ends
- About the tutor
The course has been designed, and will be run, by Mark Anderson. His credentials are:
- Solicitor: He is a practising solicitor, who is recommended in Chambers Directory for both life science transactions and IP. He is recommended in the international guide, IAM Patent 1000, as a leading UK lawyer in the field of IP licensing. His blog on IP contracts, IP Draughts, was made a member of the Blawg100 by the American Bar Association in 2012. He is a Certified Licensing Professional (a qualification established by the Licensing Executives Society (US and Canada) and a Registered Technology Transfer Professional.
- Trainer: He has run CPD courses on IP and contract subjects since the 1990s. He is a visiting lecturer at the UCL Faculty of Laws, and is the course director of a 5-day course, Intellectual Property Transactions: Law and Practice, which is run by UCL’s Institute of Brand and Innovation Law. This course has won two awards: (1) a Law Society Excellence Award (Highly Commended) in the Learning and Development category, and (2) a UCL Provost’s Teaching Award.
- Author: He is the author or co-author of 7 practitioner texts on IP and contract drafting subjects, published by OUP, LexisNexis, Bloomsbury and Law Society Publishing. These include:
- Technology Transfer (3rd edn, Bloomsbury, 2010). ‘All practitioners who deal with technology transfer arrangements in England and Wales should own a copy of this work.’ (Journal of E-commerce, Technology and Communications)
- Drafting and Negotiating Commercial Contracts (3nd edn, Bloomsbury, 2010). ‘It is one of the best, if not the best, texts on the principles of commercial drafting… The material is extremely well written and accessible.’ (Student Law Journal).
- Execution of Documents (2nd edn, Law Society, 2008). ‘This is, for a highly technical law book, a riveting read. Keep it on your shelves and you’ll be confident that you will have the answer to most issues about how to make a legal document work.’ (New Law Journal)
- A-Z Guide to Boilerplate and Commercial Clauses (3nd edn, Bloomsbury, 2010). ‘An extremely useful reference work, the book will be of great benefit to in-house counsel drafting commercial contracts’ (the In-House Lawyer). ‘[The book] is very useful and I hope that it will reach a wider audience.’ (His Honour Humphrey Lloyd QC, The International Construction Law Review).
- Drafter: He and his colleagues have drafted hundreds of precedents for commercial contracts, including IP contracts, which have been published by OUP, LexisNexis and others.
- Preparation for the course
Although not essential, attenders may find it helpful to read the following practitioner texts as preparation for the workshop:
- Technology Transfer, Mark Anderson (3rd edition, Bloomsbury Professional, 2010) – includes discussion of licence agreements from perspective of English law
- Drafting Patent License Agreements, Brunsvold et al (7th edn, Bloomberg BNA, 2012) – excellent US text
Note: this course is usually priced at £600 (inc VAT). The price has been reduced to take account of the remote (Zoom) format.
Standard Ticket = £498 (inc VAT)
IBIL Sponsor / UCL Alumni = £425 (inc VAT)
- Course delivery
This course will delivered via Zoom. You will need to download Zoom to your computer or use the online version of Zoom. You will be sent the meeting id number and password on the Friday before your course.
Course materials will be delivered to you via a dedicated sharepoint site for the course.
- Cancellation and refunds
All cancellations and refund requests must be made in writing 10 full working days (Monday to Friday) prior to the start of the event to firstname.lastname@example.org (or to the contact person for the event).
If the above notification period is not given, or in the event of non-attendance, then the following cancellation fee applies:
- £25 for a half-day workshop
- £50 for one day workshop
UCL Laws reserves the right to make changes to the programme, location and/or speakers without prior notice. Such alterations are occasionally necessary due to circumstances beyond our control.
During the event, please ensure that your attendance is noted each day to avoid being charged the cancellation fee - this will normally be by signing an attendance sheet at registration.
Refunds will be made to the payment method used for the original payment, ie if you paid via card you will receive your refund to your card, less any cancellations fees (if applicable).
In the event of non-attendance due to illness, a doctor’s certificate must be provided, otherwise the full cancellation fee will be charged. Individuals who withdraw after the start of an course will still be liable for the cancellation fee as outlined above.
Cancellation and non-attendance for paid events
An individual who has registered for an event who doesn't provide the required 10 working days notice and who fails to attend will NOT receive a refund. This is due to administrative, speaker and catering costs incurred by the department (and your place could have been allocated to another individual).
Attendees are welcome to send a substitute without incurring a charge, provided UCL Laws is notified in writing (email@example.com or the event contact person) three full working days prior to the event.
UCL Laws reserves the right to cancel or re-schedule an event due to unforeseen circumstances. In the unlikely event of cancellations, UCL Laws will refund the full amount of the registration fee (if applicable). However, personal expenses incurred by the attendee are non-refundable by UCL Laws.
If you have any queries about this course please contact Lisa Penfold at the UCL Faculty of Laws by emailing firstname.lastname@example.org