IP assignments and transfer
What is one man’s rubbish is often another man’s treasure, and there is sometimes money to be made by selling unnecessary, redundant and unused intellectual property rights to others who see a potential benefit, just as one may be tempted to sell unwanted furniture, equipment or property.
If you’re the seller, then you’ll undoubtedly want to sell lock, stock and barrel and retain no residual liability, whereas if you’re the buyer, then you may want to reserve a right to come back against the seller if the rights you’re buying turn out to be infringing somebody else’s rights.
We can work with you to ensure the terms of the sale, or assignment, both maximise the benefit to you and minimise the risk, and any necessary formalities at appropriate IP registries are satisfied.
Our Corporate Will Service reviews your existing arrangements to see what protection you have in place and then reports back with any recommendations. We can do this for all owners of a business, although individual wishes will remain confidential. The Corporate Will ensures all owners have their affairs in order and there are no nasty surprises for the others in the event that someone dies unexpectedly, gets divorced or suffers an accident.
We look at:
- Existing Articles of Association and any Shareholder's Agreements
- Powers of attorney in relation to business and personal financial decision making in the event of incapacity
- General succession planning for the business
- Inheritance tax planning is crucial for business clients contemplating a sale of the business in the short to medium term but also important as part of general weatlh planning
- Insurance options to provide cash on the death of an owner to enable a buy back of shares
- Protection in respect of divorce or separation of an owner
- Making/updating Wills
- Review of property ownership
- Trusts & Pensions
Who looks after my business when I die?
If you're thinking about succession planning and who looks after your business interests upon your death, you may want to consider a Corporate Will. This is very much like a Personal Will, but relates to all your business interests.
We will review your existing arrangements to see what protection you have in place currently and then report to you with a summary of this and making any recommendations that we think will be suitable to you bearing in mind your circumstances.
We can do this for all of the owners of the business as a combined exercise, although your individual wishes will remain confidential. The Corporate Will exercise ensures that all owners have their affairs in order and there are no nasty surprises for the others in the event that someone dies unexpectedly or suffers an accident.