Winslows

This Practice Note sets out a sensible approach to reviewing a commercial contract (such as an intellectual property licence agreement) for VAT purposes. This Practice Note will take you through the process of reviewing the contract in order to determine the VAT treatment of the supply of goods and services made, pursuant to the contract in question. This Practice Note is produced in partnership with Matthew Wentworth-May and updated by Caroline Brown of Bird & Bird LLP.

This Precedent clause is a value added tax (VAT) clause to be included in a commercial contract for the supply or goods and/or services. It contains different options to be included in different circumstances and the drafting notes explain when you would use each of them and the negotiation points that would arise. This Precedent is produced in partnership with Matthew Wentworth-May.