Contract of employment –

  • This agreement should be used where one party (the licensor) owns intellectual property rights in respect of a product it has developed and wishes to license the manufacture of the product to a third party.
  • This contract comes into existence as soon as a job offer is accepted whether that offer is oral or in writing.
  • This is intended to govern the relationship between a number of shareholders in a company. The agreement works as a second layer of protection preventing the company from being run in a manner other than has been agreed.
  • This is the equivalent of a contract of employment for directors.
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