4.27 Under the contractual agreements with CMG and Radio Spectrum International, all intellectual property rights arising from the development and delivery of IT services are vested in the Agency. The partnership has in practice increased the Agency's control over intellectual property rights. During the procurement the Agency discovered that CMG, under a pre-existing contract for the development of the Agency's unified licensing system, RULES, owned the intellectual property rights to this system. Under a deed of assignment CMG agreed to transfer their rights in the system to the Agency.
4.28 Radio Spectrum International have been granted an exclusive licence to use the Agency's name and logo and intellectual property for the purposes of marketing and providing consultancy services. Radio Spectrum International can also sub-license intellectual property to customers. However, the Agency have ensured through the International Business Agreement that their position is protected. Radio Spectrum International have to submit details of prospective customers to the Agency and obtain their approval before any agreements are entered into with customers. All intellectual property rights revert to the Agency on termination of the contract.
15 |
| Radio Spectrum International have made a profit in their first 18 months of trading | ||||||
|
|
|
|
|
|
|
|
|
|
| Turnover |
| 3,918 |
| 13,122 |
| 17,040 |
|
| Operating profit |
| 101 |
| 1,146 |
| 1,247 |
|
| Profit after tax |
| 62 |
| 740 |
| 802 |
|
| Dividend payable |
| - |
| (802) |
| (802) |
|
| Operating profit attributable to IT services |
| 114 |
| 1,274 |
| 1,388 |
|
| Operating (loss) attributable to international consultancy |
| (13) |
| (128) |
| (141) |
|
| Source: Radio Spectrum International accounts | ||||||