Glossary

Current Partnering's comprehensive listing of terms used in business development.

When I use a word,' Humpty Dumpty said in a rather scornful tone. 'it means just what I choose it to mean - neither more nor less.' Lewis Carroll, Through the Looking Glass

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Independent Contractor

Clause to confirm that the agreement does not bind the parties or allow the companies to represent each other
Insurance

Obligation to maintain a level of insurance to ensure the party is able to meet its indemnification and other commitments
Indemnification

Obligation of one party to pay the expenses and damages incurred by the other party
Invention

Any useful innovation or discovery
IPRs

Abbreviation for Intellectual Property Rights
Intellectual Property Rights

Patents, designs, trademarks and other know-how rights
Initial Public Offering (IPO)

Initial Public Offering, “flotation”, “float”, “going public”, “listing” are just some of the terms used when a company obtains a quotation on a stock market
Institutional buy-out (IBO)

To enable a private equity firm to acquire a company, following which the incumbent and/or incoming management will be given or acquire a stake in the business.