Knowledge Centre
Commercial CoP
During 2002, the Government and industry worked together to produce a voluntary Commercial Code of Practice (CCoP) to aid negotiations such as asset transfers. The purpose of the CCoP is to help establish an agreed framework that would minimise (the often very considerable) resources spent on such negotiations and promote positive commercial behaviour. The majority of licensees subsequently signed up, and annual surveys on transactions undertaken are now carried out to assess how the CCoP has been applied, and the issues associated with successful and streamlined deals.
More information is available here.
