This article posted on our partner site Mondaq.com discusses the importance of executing Intellectual Property assignment agreements when companies collaborate on research projects. Companies can make whatever ownership arrangements they wish using these agreements.
For instance, they can draft such agreements to ensure that the company retains IP ownership, regardless of inventor-ship or whether work is outsourced, or to ensure that ownership follows inventorship. The author refers to three recent cases to demonstrate that an inventor may lose IP ownership if the IP assignment agreement entered into is broad, ambiguous, or unclear.
This is a good article to read when drafting a license or transfer agreement, and when considering the definition/nature of the intellectual property that is being transferred.
This article is provided for informational purposes only and does not create a lawyer-client relationship with the reader. The reader should also note that the laws may change from time to time, and this article may not provide up-to-date information. 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. You will need to initially log in to Mondaq.com in order to access their learning posts.