The International IP Moot ran on 22 and 23 March 2003. Twenty-one teams from the UK and the Republic of Ireland participated by presenting skeleton arguments and then attending St Peter's College for a four round knock-out series of oral argument before expert practitioner judges. (No team from Oxford participated this year.)

The final moot took place before an audience in the Examination Schools. The finalists, Westminster College and King's College, London (which eventually prevailed) argued their cases before a panel comprising Lord Justice Mummery, Mr Justice (now Lord Justice) Jacob and Mr Michael Tugendhat QC. University College Dublin won the prize for the best skeleton argument, and a student from Brunel University won the best oralist prize.

The inaugural International Intellectual Property Moot was organised by the Oxford Intellectual Property Research Centre jointly with the Intellectual Property Institute (IPI).