Licensing of unique software products and mobile applications

Client Catalytic People Limited (Cyprus)

Description

Catalytic People Limited (Cyprus), being an affiliated company of OJSC Bank24.ru (Russia), has the exclusive rights to a large portfolio of solutions in the field of IT and mobile applications, which have been developed for the banking sector, and owns a variety of intellectual property subject matters, in particular, computer programs. With the aim of development of its software business and computer technologies Catalytic People Limited has decided to launch a smart licensing campaign over its key brands and software products in favor of third parties. To implement this project, Catalytic People Limited has approached us as specialists in the field of IP/IT and software licensing, to retain our legal support of the licensing transaction in order to ensure the compliance of the underlying software license agreement as to the main rules and valid provisions of the Russian law.

Solution

The project targeted at licensing of the unique software products and mobile applications in the Russian jurisdiction, we have advised in detail Catalytic People Limited on all legal aspects related to legal protection of the licensed computer programs and affixed brands, prior acquisition of the exclusive rights to computer programs in the framework of labor and civil-law relations, as well as licensing mechanics of the relevant software products. In the course of our consultations provided to the client we have rendered our legal services for the preparation and verification of the appropriate drafts software license agreements and negotiation (approval) of such drafts with the counter-party prior to the execution.

Result

During the implementation of this project Catalytic People Limited has successfully closed the transaction by granting the exclusive license and rights under the contract in favor of its Russian partner. Experts from Gorodissky & Partners have provided a full legal support for the conclusion of the software license agreement contemplating the grant of the exclusive rights to the licensee to use the licensed computer programs in its banking and financial business