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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The term ‘big pharma’ can relate to the top 10 pharma companies or the top 50 companies. It more often than not refers to the top 50. This list is compiled each year by Pharm Exec and is usually released in May, for the previous financial year.
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, [...]
Trade Related Aspects of Intellectual Property Rights published by the WTO.
An outline summary outlining the proposed terms of a license arrangement. The termsheet would usually be agreed (but not as a binding agreement) by both parties and would be used as a briefing document for internal sign off and for lawyers drafting the full agreement.
Ability for one or more of the parties to put an end to the agreement. The clause provides the basis under which the contract may be terminated. Terminations may be for a number of reasons, but may not necessarily occur automatically. Instead, an event such as breach may provide the right but not necessarily the [...]
The country, countries or parts of countries for which the agreement is valid.
The period of time for which the agreement shall remain in force. In a licensing agreement, the term can be any time period agreed between the parties, but would normally be the time between agreement effective date and expiry of intellectual property rights in each country or territory.
Trademark is a distinctive name, symbol, slogan, logo, device or similar item used to identify and distinguish a parties goods from those of others. It is often used in commerce to identify or distinguish a product or service, from those manufactured or supplied by others, and to indicate the source of a product or service.
