The value of a business is increasingly linked to its intellectual property (IP) assets, which are becoming more and more important in many sectors. IP can be transferred or licensed, offered to enter into cooperation agreements or contributed as capital in a joint venture. In order to highlight the importance of well-drafted agreements for protecting and managing intellectual property, the European IPR Helpdesk has recently published their new guide “IP and Contracts”. Complementing the ever-growing portfolio of free online training and information material, this new guide provides various practical examples helping businesses to understand the key points to consider regarding contracts in the IP field. Starting off with an overview on general contract clauses, the second part of the guide focuses on some of the most common IP contracts and IP clauses.