03 May 2013 | 11:01 am |
Pinsent Masons advised the Cabinet Office on its first IP joint-venture deal which will create a new business based on the Government’s intellectual property assets in the Best Management Practice portfolio.
Capita plc will own a 51% share of the new company. The joint-venture will bring together commercial expertise which will enable much needed investment in developing products and breaking into new international markets. The joint-venture is a key example of driving innovation in the public sector.
Scott Morrison, Partner at Pinsent Masons, said: "We are pleased to have advised the Cabinet Office on its first IP joint-venture project. This deal highlights the Government's commitment to using innovative commercial models to drive growth and return for the UK economy and our expertise in understanding the needs of commercially innovative business models in the public sector."
The products include the PRINCE2R qualification which is a process-based method for effective project management and the ITILR qualification which provides practical frameworks for identifying, planning, delivering and supporting IT services in a business.
The Pinsent Masons team included Scot Morrison, Partner at Pinsent Masons, Louise Fullwood, Legal Director and Amie Norris, Associate.
Louise Fullwood, Legal Director at Pinsent Masons, said: “This is an excellent example of the realisation of the substantial value in UK Government intellectual property assets. Whilst exploitation of Crown copyright assets involves some challenges we worked with the Cabinet Office team and with HMSO to achieve objectives which were positive for all parties.”
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