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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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9
A royalty created where none had previously existed. The royalty stream is generated from future sales of a product or business, in return for a lump sum investment. Also known as ‘revenue financing’.
A hybrid method of acquiring a company by combining a tender offer with a merger. In the first step, the buyer initiates a tender offer to acquire a majority of the outstanding target company’s stock. In the second step, the buyer completes a back-end merger to acquire the balance of the target company’s stock. Usually, [...]
SPCs, which were introduced by European legislation, may be granted to extend the period of protection under a patent in respect of a specified pharmaceutical (or plant protection) product that is protected by the patent. The intention is to compensate the patentee for at least some of the period of patent term that has expired [...]
Allows for unenforceable clauses to be deleted from an agreement without affecting the remaining terms. A general agreement term.
Listing of clauses that will survive termination of a contract.
The structure of share capital that will be developed involves the establishment of certain rights. The private equity firm through these rights will try to balance the risks they are taking with the rewards they are seeking. They will also be aiming to put together a package that best suits your company for future growth. [...]
To develop the company’s products and fund their initial marketing. Companies may be in the process of being set up or may have been trading for a short time, but not have sold their product commercially. Although many start-ups are typically smaller companies, there is an increasing number of multi-million pound start-ups. There are those [...]
The common stages of investment associated with private equiry/venture capital funding of business start-ups. The common stages include: Seed – to allow a business concept to be developed, perhaps involving the production of a business plan, prototypes and additional research, prior to bringing a product to market and commencing large-scale manufacturing Start-up – to develop [...]
To allow a business concept to be developed, perhaps involving the production of a business plan, prototypes and additional research, prior to bringing a product to market and commencing large-scale manufacturing. Only a few seed financings are undertaken each year by private equity firms. Many seed financings are too small and require too much hands-on [...]
