VIC Workshop – Entering into Contracts with Confidence

Researching, developing, manufacturing and distributing products in the life sciences sector is often complex and challenging, with Life science companies frequently required to engage in multiple partnerships and collaborations. 

Entering into contracts with suppliers, research organisations and contractors in the research phase is an important aspect for emerging life science businesses to consider and is often dealt with through the creation and use of a Master Services Agreement (MSA).

MSAs create benefits in a number of areas, including enabling the setting up and management of long-term arrangements with contractors, avoiding the need for repeated negotiation of contracts for each new service required. This leads to increased convenience, efficiency and cost savings for the life science businesses engaging with contractors, as well as providing an enhanced level of standardisation and quality control for the future.

However, given that each one will cover a number of projects, it’s vital that life science businesses get this right at the outset to avoid complications and disruption in the future.

The expert team at Penningtons Manches Cooper will lead our breakfast session giving you a practical guide on entering into contracts with suppliers and contractors with confidence – topics covered will include:

• Key points to cover in your master services agreements with suppliers and contractors
• Getting it right with payment terms and milestones
• Contractors and liability
• Your rights to terminate
• Protecting your confidential information and intellectual property. 

Programme:

08.30 – Breakfast and networking

09.00 – Presentation and discussion on ‘Contracting in Confidence’

10.00 – End

Free to attend and open to all

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