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Answer All the Questions About Ownership of IP Before Collaborating with a University

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The hugely successful corporation, Google, was a spin off from research done for a PhD. thesis at Stanford, which makes looking at university research an attractive option. But if your business is considering working with IP that originates from a university, there are many questions to ask.

What role has the university played? Was it the incubator, the advisor, the developer? Will the start up be a spin off? Who owns the IP? What type of licensing will be put in place? Who will manage and maintain the patents? Who is responsible for indemnification in case of third party IP infringement suits? Will nondisclosure and non-compete agreements be put in place? The answers to these questions should establish a relationship that will justly reward both parties for their contributions, and encourage innovation and business success.

Read the article here.

Take away:

  • When collaborating with university researchers, be sure to understand who will own/license the background IP…along with the foreground, sideground and postground IP.

 

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This article is provided for informational purposes only and does not create a lawyer-client relationship with the reader. It is not legal advice and should not be regarded as such. Any reliance on the information is solely at the reader’s own risk. Clausehound.com is a legal tool geared towards entrepreneurs, early-stage businesses and small businesses alike to help draft legal documents to make businesses more productive. Clausehound offers a $10 per month DIY Legal Library which hosts tens of thousands of legal clauses, contracts, articles, lawyer commentaries and instructional videos. Find Clausehound.com where you see this logo.

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Good Background IP Protection is Not a Luxury in a Difficult Economy.

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The recent economic upheavals in the Chinese economy have had a dramatic global effect on commodity producers. Mining corporations have been especially vulnerable to falling demand. In these economic situations, the impulse is often to look for ways to cut costs, and administrative and legal fees are often among the first to be trimmed. But mining corporations should think twice before neglecting to protect their IP, especially their background IP.

Minerals in the ground are not the only resources that can be developed and sold. Mining companies often have a wealth of unrecognized IP stored in the form of design improvements to equipment, internally developed equipment, and internally generated software. Recognizing and creating inventories of these assets is the first step. Obtaining good legal advice to develop background IP licensing agreements is the second step.

The third step is to market this IP to potential licensees.

Read the article here.

Take away:

  • Protecting your background IP helps to maximize the value of business assets, which is especially important in tough economic times.

 

Are you a Startup Company looking for discounted legal services? Check out our partnership with Black Letter Law lawyers here!

 

–  –  –

This article is provided for informational purposes only and does not create a lawyer-client relationship with the reader. It is not legal advice and should not be regarded as such. Any reliance on the information is solely at the reader’s own risk. Clausehound.com is a legal tool geared towards entrepreneurs, early-stage businesses and small businesses alike to help draft legal documents to make businesses more productive. Clausehound offers a $10 per month DIY Legal Library which hosts tens of thousands of legal clauses, contracts, articles, lawyer commentaries and instructional videos. Find Clausehound.com where you see this logo.

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Background IP Licensing Agreements Promote Innovation

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An Australian specialist in cricket helmets wanted to break into the jockey helmet market, but couldn’t quite perfect the manufacturing process. Attempts to manufacture offshore (China) were plagued with difficulties. However, through a networking association, access to university background IP on material properties made it possible to move forward, not just with manufacturing, but with manufacturing domestically, thus avoiding issues of offshore sourcing, including consistency of materials and consistency of manufacturing process.

Innovative startups can benefit from university background IP, while universities can benefit from bringing this IP to market. It is important for both parties that a robust policy and appropriate licensing agreement is developed to both protect background IP and promote its use in industry.

Read the article here.

Take away:

  • Having a policy in place for sharing while protecting background IP, can make/break a startup, can encourage innovation and create new products and markets and economic growth.

 

 

–  –  –

This article is provided for informational purposes only and does not create a lawyer-client relationship with the reader. It is not legal advice and should not be regarded as such. Any reliance on the information is solely at the reader’s own risk. Clausehound.com is a legal tool geared towards entrepreneurs, early-stage businesses and small businesses alike to help draft legal documents to make businesses more productive. Clausehound offers a $10 per month DIY Legal Library which hosts tens of thousands of legal clauses, contracts, articles, lawyer commentaries and instructional videos. Find Clausehound.com where you see this logo.

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