Issue link: https://htpgraphics.uberflip.com/i/116750
Emily's R&D SCENARIOS neach party will provide the other party with a non-exclusive licence of ts Background IP. (The RDA does not state what the Background i IP can be used for). nNWP will own all IP in the results of the Project in all fields of use – there is no provision for a licence back to Lakeland. nNWP will, at its own cost, apply for a patent for the technology arising from the Project. nLakeland has unlimited liability in relation to the use by NWP of the results of the Project, including an indemnity for IP infringement. nEmily is listed as a key person, and, if she leaves Lakeland, NWP is entitled to terminate the Agreement. Revenue Share Agreement ('RSA') nLakeland nManufacturing, nThe will receive a fixed royalty of 5% of net sales of products/ services which incorporate the results of the Project. packaging, advertising, distribution, tax and insurance costs will be deducted before the royalty is calculated. RSA will last for 5 years from the date of signature. As mentioned earlier, it is likely that your main involvement in research contracts will be in relation to putting together/commenting on a Project Plan. However, now imagine that you have been asked to look at the RDA and the RSA on behalf of Lakeland and to provide comments on the main terms of both contracts, as set out above. Write a short summary on the provisions, specifically setting out which of the terms are acceptable and which are not. Think about how you might amend the terms which you consider to be objectionable. Look at the earlier Guides, if you like, for some tips. The Research Contracts Guide and the Licensing Guide may be useful. 20