“
Business Day
” can be defined differently in different contracts. We have crowd-sourced different ways of defining the same term, so that you can find and choose the right definition for your needs.
Below are all the legal and contractual definitions for the term “
Business Day
" found within legal contracts contributed to The Genie Community.
All those below are used by lawyers, in-house legal counsel, startups and business owners alike.
Note: These definitions may differ between geographies, company size and contract category.
Monday to Friday (inclusive) except bank or public holidays in England;
This sort of licence might be used where a Sponsor and University have reached an agreement under Lambert Model Agreement 2 where the Sponsor should be granted an exclusive licence to use identified IP in the results of research collaboration.
This sort of agreement might be used when a company has agreed to allow an academic, institution or industrial partner to use certain materials in connection with a research project.
This agreement in particular provides for the University owning the IP in the Results, but assigning the IP in any Improvements to the Company. It follows the scheme of Lambert Model Agreement 1, with the Company being granted a non-exclusive right to use the Results. (Unlike Lambert Model Agreement 1, the Results are defined in this form of Materials Transfer Agreement as the results arising from the use of the Materials (and not the results of the collaborative research project as a whole).
The University and the Company might, depending on the circumstances, follow the scheme of Lambert Model Agreement 2 or 3, giving the Company the opportunity to negotiate an exclusive licence or an assignment of the IP in specific Results, or Lambert Model Agreement 4 or 5, giving the Company ownership of the IP in the Results.
This sort of agreement might be used if a company has agreed to allow a academic, institutional, or industrial partner to use equipment in connection with a research project. This particular agreement is written as if a university will be taking delivery of the equipment to enable a principle investigator to use in relation to a research project.
Each of the 7 model research collaboration agreements from the Lambert Toolkit have a different approach on who can exploit the intellectual property from a project. In this particular agreement, agreement 6, the Institution has the right to use IP for academic and research purposes.
Note: This collaboration agreement doesn't deal with joint ownership of intellectual property. For examples of joint ownership clauses, when 2 or more parties are collaborating, search Genie or Google for model consortium agreements Collaborator may negotiate for an assignment of some Institution IP
Each of the 7 model research collaboration agreements from the Lambert Toolkit have a different approach on who can exploit the intellectual property from a project. In this particular agreement, agreement 5, there can be no publication by the Institution without the Collaborator’s permission.
Note: This collaboration agreement doesn't deal with joint ownership of intellectual property. For examples of joint ownership clauses, when 2 or more parties are collaborating, search Genie or Google for model consortium agreements Collaborator may negotiate for an assignment of some Institution IP
Each of the 7 model research collaboration agreements from the Lambert Toolkit have a different approach on who can exploit the intellectual property from a project. In this particular agreement, agreement 4A, each party has the right to exploit certain results created during the project and takes assignment of those results. The Institution has right to use for academic and research purposed, and the Collaborator for research purposes.
Note: This collaboration agreement doesn't deal with joint ownership of intellectual property. For examples of joint ownership clauses, when 2 or more parties are collaborating, search Genie or Google for model consortium agreements Collaborator may negotiate for an assignment of some Institution IP
Each of the 7 model research collaboration agreements from the Lambert Toolkit have a different approach on who can exploit the intellectual property from a project. In this particular agreement, agreement 3, Collaborator may negotiate for an assignment of some Institution IP.
Note: This collaboration agreement doesn't deal with joint ownership of intellectual property. For examples of joint ownership clauses, when 2 or more parties are collaborating, search Genie or Google for model consortium agreements Collaborator may negotiate for an assignment of some Institution IP.
Each of the 7 model research collaboration agreements from the Lambert Toolkit have a different approach on who can exploit the intellectual property from a project. In this particular agreement, agreement 2, the collaborator may negotiate further license to some or all of the Insitution IP rights.
Note: This collaboration agreement doesn't deal with joint ownership of intellectual property. For examples of joint ownership clauses, when 2 or more parties are collaborating, search Genie or Google for model consortium agreements
Each of the 7 model research collaboration agreements from the Lambert Toolkit have a different approach on who can exploit the intellectual property from a project. In this particular agreement, agreement 1, the collaborator has non-exclusive rights to use in a specified field/territory. There are no sub-licences.
Note: This collaboration agreement doesn't deal with joint ownership of intellectual property. For examples of joint ownership clauses, when 2 or more parties are collaborating, search Genie or Google for model consortium agreements.
Each of the 7 model research collaboration agreements from the Lambert Toolkit have a different approach on who can exploit the intellectual property from a project. In this particular agreement, agreement 4, the Institution has the right to use IP for non-commercial purposes.
Note: This collaboration agreement doesn't deal with joint ownership of intellectual property. For examples of joint ownership clauses, when 2 or more parties are collaborating, search Genie or Google for model consortium agreements Collaborator may negotiate for an assignment of some Institution IP.
any day other than a Saturday, Sunday or any other day which is a public holiday in the place or places at which the transaction in question is being effected or the notice in question is effected;
Use this agreement when bringing an advisor on board to formalise variables such as job role and responsibilities, duration of contract and compensation. The agreement also sets forth certain key terms such as confidentiality and intellectual property.
a day on which the English clearing banks are ordinarily open for the transaction of normal banking business in the City of London (other than a Saturday or Sunday);
This shareholders and subscription agreement has been drafted by BVCA for signature as a contract under hand which means it is executed by one person who can be authorised by the company's directors. This sort of agreement can avoid the execution formalities that are usually required for deeds. This agreement has been revised and re-launched by BVCA following a review involving their Venture Capital and Legal committees.
a day on which English clearing banks are ordinarily open for the transaction of normal banking business in the City of London (other than a Saturday or Sunday);
Articles of association are a multi-page document which outline agreed rules and restrictions relating to the way a company is governed, operated, and owned. Use this particular model from the BVCA if you would like to form an article to set out a company’s constitution and to govern the internal management of
company’s affairs. Note: These articles are subject to the requirements of the Companies Act 2006.
a day other than a Saturday, Sunday or public holiday in England when banks in London are open for business;
This document is taken from the gov.uk website, and comes with the following explanation: This document provides a starting point for mutuals and commissioners working on a spin-out. They have been drafted according to a series of assumptions, to be adapted on a case by case basis by professional advisors.
If the mutual is to carry out the services as a contractor for the Local Authority, the mutual will be funded under a Services Agreement.
The Services Agreement protects the Local Authority as the contracting authority by setting out the terms of the funding and the services to be provided, and providing remedies to the contracting authority if the terms are breached. The Agreement protects the mutual as the contractor by legally binding the contracting authority to pay the fee for the services on time.
This template Services Agreement provides these protections and contains standard terms covering (amongst others): the contract period; the obligations of the parties; monitoring and reporting requirements; intellectual property and publicity; and provisions for termination of the funding arrangement by either party.
This template has been prepared to provide general guidance and information to organisations considering or undertaking mutualisation. It is intended to be a starting point only and should not be considered a finalised legal document or as constituting legal advice. It is the responsibility of your organisation to seek legal advice and to ensure that the document is reviewed and signed off by your legal team.
The template contains a breakdown of drafting assumptions which highlight areas where additional drafting and legal advice may be required. Additional drafting is not limited to these areas and you should seek further legal guidance where you deem necessary.
Whilst we have endeavoured to ensure that the information in the template is correct, no warranty, express or implied, is given as to the templates accuracy, timeliness, completeness or fitness for a particular purpose and we do not accept any liability for errors or omissions. Neither the Department for Digital, Culture, Media and Sport, nor Bates Wells Braithwaite shall be liable to you or anyone else for any decisions made or action taken in reliance on this document, or for any damage arising from its use.
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