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Is it important to consider the intellectual property provisions of an industry sponsored research agreement?

April 26, 2017Agreement Industry intellectual property Research sponsored

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Is it important to consider the intellectual property provisions of an industry sponsored research agreement?

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Yes. A typical agreement gives the research sponsor an option to license any inventions created under the research contract. However, the option should be given a time limit and STC should be able to seek other licensees if the sponsor does not make a offer.