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THE INSTITUTE OF INTERNATIONAL LICENSING PRACTITIONERS |
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Summary of the Memorandum and Articles of
Association
§
The
Institute is incorporated as a company with liability limited by guarantee,
which means that if the Institute should be wound up having any debts the
liability of each member is limited to £1.
Should there be any assets after payment of debts, these are to be
transferred to some other institution having similar objects. §
There
are four classes of members: a)
Fellows:
persons wholly or principally engaged in licensing as
a profession; b)
Associates:
probationers who, while not eligible for Fellow
membership at the time of joining, are engaged in the licensing profession; c)
Affiliates:
persons who as a result of their professional or
business activities are involved in licensing; d)
Company
members: Companies, research organisations, law firms, patent
agencies and other organisations with interests in licensing. §
Fellows
are required to have practical experience of licensing and must satisfy the
Executive Committee as to their qualifications, professional performance and
financial standing. §
Fellows
and Associates must at all times act in conformity with the Institute’s Code
of Conduct, otherwise membership may, subject to due process, be terminated by
the Executive Committee. §
The
financial year is the 1st January to 31st December.
Audited accounts are prepared annually and submitted to the Annual
General Meeting (AGM) for adoption. §
Entrance
fees and subscriptions are fixed by the Executive Committee subject to the
approval of the AGM. Subscriptions
are payable by the 1st January annually. §
All
members are entitled to attend and speak at AGMs but Company members and
Affiliates are not entitled to vote.
All members are sent notices of AGMs, agenda, minutes of the last
meeting, election nominations, annual accounts and the annual report of the
Executive Committee. §
Fellows
are entitled to be informed of particulars of all enquiries for licensing
services received by the Institute.
All members are entitled to receive the Institute’s publications. §
A
Register is kept in which are entered the particulars which all members are
obliged, upon election, to give of their qualifications and the professional
services which they offer. Subsequently
all members must inform the Secretary promptly of any changes. §
At
least 28 days’ prior notice must be given for a general meeting, 42 days for
an election to the Executive Committee.
An extraordinary general meeting may be called by the Executive
Committee or by a requisition signed by 7 members of whom 5 must be Fellows. §
The
Executive Committee consists of 6 Fellows elected by a majority of all members
(Fellows and Associates) of whom 2 retire by rotation at each AGM but may
stand for re-election. The
Executive Committee may co-opt other Fellows to assist in its work. |
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