Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Life science spinouts: securing the best legal agreement

31.10.2006
Iron-clad legal agreements aren’t always the best option for science and technology spin-outs, says intellectual property expert Jim Kinnier Wilson. A partner in specialist law firm Manches, Kinnier Wilson will be giving delegates at today’s White Rose Bioscience Forum (Tuesday 31 October) his top tips on getting the best out of legal agreements.

“Legal agreements can be anything from very basic to an extremely complex written document incorporating every conceivable safeguard,” says Kinnier Wilson. “The point of a legal agreement is to provide something that will allow those who signed it (but ultimately a court if it all goes wrong) to judge what everyone had agreed at the time – and in some cases a simpler document can do that quite well.”

“While the risks of a simple agreement are arguably higher, usually the upfront costs will be much lower,” he continues. “It’s important that spin-out companies get good legal advice on the various merits of different levels of agreement and don’t just assume that one size fits all.”

For bioscience spin-outs and start-ups, the number of legal agreements required is considerable, including agreements with shareholders, licensing arrangements, employment contracts with staff, even contracts with suppliers when buying in materials for use in the lab, and eventually the rights and obligations for clinical trials. Many of these are quite specific to the field.

... more about:
»Kinnier »Spin-out »Wilson

With a masters in biochemical engineering, Kinnier Wilson had been planning a career in the pharmaceutical industry, but a summer job in a law firm soon changed that. Fascinated by the idea of applying his science in a different way, he qualified as a solicitor and has been working as an intellectual property specialist for nearly 20 years advising science, engineering and technology spin-out companies.

His current firm, Manches, acts on behalf of a number of research councils, research institutes and universities, advising their spin-out life science companies in all stages of development. “To offer advice, it helps to understand the technology these companies are working with,” says Kinnier Wilson. “My work brings me into contact with an amazing array of different scientific technologies. Every day is different and every day is fascinating.”

Jo Kelly | alfa
Further information:
http://www.whiterose.ac.uk/events/bioscienceforum

Further reports about: Kinnier Spin-out Wilson

More articles from Life Sciences:

nachricht A novel synthetic antibody enables conditional “protein knockdown” in vertebrates
20.08.2018 | Technische Universität Dresden

nachricht Climate Impact Research in Hannover: Small Plants against Large Waves
17.08.2018 | Leibniz Universität Hannover

All articles from Life Sciences >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: It’s All in the Mix: Jülich Researchers are Developing Fast-Charging Solid-State Batteries

There are currently great hopes for solid-state batteries. They contain no liquid parts that could leak or catch fire. For this reason, they do not require cooling and are considered to be much safer, more reliable, and longer lasting than traditional lithium-ion batteries. Jülich scientists have now introduced a new concept that allows currents up to ten times greater during charging and discharging than previously described in the literature. The improvement was achieved by a “clever” choice of materials with a focus on consistently good compatibility. All components were made from phosphate compounds, which are well matched both chemically and mechanically.

The low current is considered one of the biggest hurdles in the development of solid-state batteries. It is the reason why the batteries take a relatively long...

Im Focus: Color effects from transparent 3D-printed nanostructures

New design tool automatically creates nanostructure 3D-print templates for user-given colors
Scientists present work at prestigious SIGGRAPH conference

Most of the objects we see are colored by pigments, but using pigments has disadvantages: such colors can fade, industrial pigments are often toxic, and...

Im Focus: Unraveling the nature of 'whistlers' from space in the lab

A new study sheds light on how ultralow frequency radio waves and plasmas interact

Scientists at the University of California, Los Angeles present new research on a curious cosmic phenomenon known as "whistlers" -- very low frequency packets...

Im Focus: New interactive machine learning tool makes car designs more aerodynamic

Scientists develop first tool to use machine learning methods to compute flow around interactively designable 3D objects. Tool will be presented at this year’s prestigious SIGGRAPH conference.

When engineers or designers want to test the aerodynamic properties of the newly designed shape of a car, airplane, or other object, they would normally model...

Im Focus: Robots as 'pump attendants': TU Graz develops robot-controlled rapid charging system for e-vehicles

Researchers from TU Graz and their industry partners have unveiled a world first: the prototype of a robot-controlled, high-speed combined charging system (CCS) for electric vehicles that enables series charging of cars in various parking positions.

Global demand for electric vehicles is forecast to rise sharply: by 2025, the number of new vehicle registrations is expected to reach 25 million per year....

All Focus news of the innovation-report >>>

Anzeige

Anzeige

VideoLinks
Industry & Economy
Event News

LaserForum 2018 deals with 3D production of components

17.08.2018 | Event News

Within reach of the Universe

08.08.2018 | Event News

A journey through the history of microscopy – new exhibition opens at the MDC

27.07.2018 | Event News

 
Latest News

Metamolds: Molding a mold

20.08.2018 | Information Technology

It’s All in the Mix: Jülich Researchers are Developing Fast-Charging Solid-State Batteries

20.08.2018 | Power and Electrical Engineering

Smallest transistor worldwide switches current with a single atom in solid electrolyte

17.08.2018 | Physics and Astronomy

VideoLinks
Science & Research
Overview of more VideoLinks >>>