www.withyking.co.uk supporting manufacturing in the south west 17 july 2013 peter foskett
Post on 17-Dec-2015
217 Views
Preview:
TRANSCRIPT
“The people we work with at Withy King take the time to understand our business. They've been very flexible and pragmatic commercially as our needs have changed. I never feel like I'm on the clock with Withy King.”
Withy King client
• Contracts with suppliers and contractors – what are they delivering?
• Contracts with customers – manage risk, get paid
• Employee contracts – confidentiality, employee duties
• Intellectual property – identify and protect
Legal issues
• Manufacturer of audio and room management controls • Bought company X because its products would be a good
fit with the manufacturer’s• Insufficient due diligence on the products and the IP and
contract not detailed• What IP had manufacturer obtained? What products? Not
clear• LESSON: proper contract, proper audit and diligence of
what being acquired
Case study 1
• Manufacturer of home fragrances, established brand• Wanted to diversify into perfume – different sector• Filed trade mark applications including for perfume –
challenged by a parfumier because of trade mark conflict on perfume
• LESSON: trade mark clearance searches avoid expensive mistakes
Case study 2
• Manufacturer of products that test flammability of petrochemicals
• Sub-contracted development of testing software. No contract
• Sub-contracted development of website. No contract• Now on the back foot trying to get source code and
IP• LESSON: contracts before money changes hands
Case study 3
top related