The phrase “subject to contract” should be used when you are negotiating what you expect may in the future become a binding contract, but not yet. So when negotiating a letter of intent or heads of terms, it is a useful way of making it clear that, although the key terms of the transaction are […]
Read more »If you are involved in negotiating commercial agreements, you are likely to have come across situations where either you or the other side is unwilling to agree to an absolute obligation (eg “the Distributor shall achieve sales of the Software of at least £1 million in the first 12 months….”), but agrees to use its […]
Read more »It is usual for a perpetual software licence to be sold on the basis that the licence is non-transferable, ie that the purchaser (licensee) cannot resell or otherwise assign the licence to a third party. And it was previously thought that the EU principle which prevents the owner of an article from controlling the downstream […]
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