Navigating the Corporate Law Seas: Charting Success for Businesses
Customers require clarity as to whether they will be assigned the IP in a solution, so that they own the same going forward, or whether they will be granted a limited licence to use the IP (on the basis that ownership will remain with the IT consultancy, or third-party, that originally developed the solution). The contracts IT consultancies sign with their customers therefore need to be tailored to reflect the specific solution(s) found for the customer and the resulting IP ownership position and, in this blog, we’ll flag some of the key considerations that IT consultancies need to be aware of when structuring the IP provisions in their customer contracts.