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www.withyking.co.uk Supporting manufacturing in the South West 17 July 2013 Peter Foskett
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“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
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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
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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
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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
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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
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Get in touch Withy King LLP 4-6 Newport Street Swindon SN1 3DX www.withyking.co.uk
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