Bu intellectual property agreement [Expert Approved]

Last updated : Aug 9, 2022
Written by : Carl Salon
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Bu intellectual property agreement

Do universities own IP?

A student may be a University employee. As a student taking a course for credit, University employment alone does not meet the criteria for University ownership, however, the University does own IP if it is created by a student as a part of their job duties as a University employee.

What should be included in an intellectual property policy?

Your IP Policy should establish minimum criteria related to an open innovation policy, including information related to submission terms and conditions, submission procedures, review guidelines, intellectual property rights and ownership, and potential commercialization strategies.

What is an example of academic intellectual property?

Intellectual property examples would include books, music, inventions and more. The only way that this will be upheld in a court, however, is if there is a written agreement which clearly states that the work in question was specifically work for hire.

What are some examples of intellectual property?

  • Patents.
  • Domain names.
  • Industrial design.
  • Confidential information.
  • Inventions.
  • Moral rights.
  • Database rights.
  • Works of authorship.

Do universities get patents?

Universities are in a unique position when it comes to patents. Professors, researchers, and students generate a great number of inventive concepts through research for which patents can be pursued.

Can universities own patents?

Most universities today assert ownership rights over all patentable inventions (and many other types of intellectual prop- erty) created by members of the university community, including faculty, staff, students, visitors, and others.

What is the purpose of an intellectual property policy?

The purpose of the Intellectual Property Policy is to foster the creation and dissemination of knowledge and to provide certainty in individual and institutional rights associated with ownership and with the distribution of benefits that may be derived from the creation of Intellectual Property.

What is intellectual property provide at least three examples?

Utility patents: for tangible inventions, such as products, machines, devices, and composite materials, as well as new and useful processes. Design patents: the ornamental designs on manufactured products. Plant patents: new varieties of plants.

What is the average royalty for an invention?

The average royalty for licensing an invention is 3 to 6 percent of the product's wholesale price, which is the price the company charges the consumer. If you have a profitable product and choose the right manufacturer, a licensing agreement can be a great way to make money from your invention.

What are the 4 types of intellectual property?

Patents, trademarks, copyrights, and trade secrets are valuable assets of the company and understanding how they work and how they are created is critical to knowing how to protect them.

How important is intellectual property in university?

The primary purpose of developing intellectual property is to provide the necessary protections and incentives to encourage both the discovery and development of new knowledge and its transfer for the public benefit; a secondary purpose is to enhance the generation of revenue for the University and the creators.

What are the 7 intellectual property rights?

Rights. Intellectual property rights include patents, copyright, industrial design rights, trademarks, plant variety rights, trade dress, geographical indications, and in some jurisdictions trade secrets.

Who is the owner of intellectual property?

Generally, the creator of a work is deemed its owner. However, intellectual property ownership can be determined differently for different types of property and under varying circumstances. For example, if work is created for an employer, the employer is the owner of that intellectual property.

What is intellectual property in simple words?

What is intellectual property? Intellectual property refers to any intellectual creation, such as literary works, artistic works, inventions, designs, symbols, names, images, computer code, etc. Intellectual property law exists in order to protect the creators and covers areas of copyright, trademark law, and patents.

What are the 3 main types of intellectual property?

Types of intellectual property rights patents. trade marks. copyright. designs.

Do universities make money from patents?

In most cases, universities receive only one-third of the licensing revenues raised by patent development “but shoulder all of its operating costs,” Valdivia says, while investors reap most of the profits.

What do universities do with patents?

Universities make money from patents primarily by licensing them to outside companies, which turn them into commercial products.

Are universities patent trolls?

To be clear, universities aren't patent trolls. Universities are centers for teaching, research, and community. But that broader social mission is exactly why universities shouldn't go off and form a patent-holding company that is designed to operate similarly to a patent troll.

What percentage of patents make money?

Analysts report that more than 95% of patents are worthless-- not because patents as a class are worthless, but because companies fail to understand one simple principle that makes patents powerful. To understand, it is helpful to take a step back and first consider the differences between strong and weak patents.

Do professors own patents?

A detailed contract with specific provisions can obligate a university professor to assign a patent, even though the invention is not related to the professor's funded research. Many large universities include online intellectual property policies which cover common scenarios.

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Bu intellectual property agreement

Comment by Ulysses Horwich

so my name is bob miglerini um i am an intellectual property attorney with exxon mobil corporation um so with regard to my practice i deal with patent preparation patent prosecution all aspects relating to patents and also all aspects relating to what we call intellectual property agreements and licenses um so we interact quite heavily with a lot of parties outside of exxon mobil and therefore we put in place a host of various types of intellectual property agreements when working with outside parties on technical and business projects i've been working with exxon mobil for about 32 years now and about half of my career was spent working in technology for exxon mobil chemical company uh where i worked on technology relating to uh polyolefin films um and uh m i am also an inventor on about 14 u.s patents relating to thermoplastic films um the last 16 years of my career have been spent in the legal department at exxon mobil and now i support all of our various technical and business teams within exam mobile research and engineering company with regard to various projects relating to technology so in terms of the uh course that i will be teaching which is intellectual property agreement fundamentals for scientists and engineers this is uh intended for technical and business people who uh have a need to uh interface with individuals uh and entities outside of their own organization um in terms of the interfaces that could involve sensitive technical and business information uh and in particular relating to technology development and business development where there could be some sensitivity with regard to the protection of the information being given to the other entity and people at the other entity and how to properly protect that information so if you are planning on communicating or collaborating with individuals outside of your organization on any type of technical matters or technical development or business development aspects it's important that you properly protect uh your company's technology and intellectual property interest by making sure that an appropriate type of intellectual property agreement is put in place with the other organization prior to beginning communications or collaborations the last thing you want to be is caught off guard in terms of having your legal rights and your intellectual property rights compromised when working with another entity uh or with people who work at another entity by not having in place the appropriate intellectual property agreement uh before initiating the interaction with the other entity so in terms of this four part workshop it's intended as an introductory primer to the use of intellectual property agreements by engineers scientists and managers who are intimately involved in business and technology and in in particular may interface with individuals and organizations outside uh of their own company in in trying to develop technology and business uh aspects so the focus of the course is to introduce the participants to the fundamentals of contracts with a focus on those types of contracts relating to intellectual property as it relates to confidential and proprietary information trade secret information possible inventions and even patent applications so the course introduces the participants to the various sections of a contract in terms of the importance of the various sections of a contract with the focus being on intellectual property related types of agreements during the course of the four workshops we will cover a whole host of different types of intellectual property agreements with an emphasis on which type of agreement should be used based upon the particular circumstance with the other entity that you want to communicate and work with so during the course of the four workshops we will cover uh an overview of confidentiality and non-disclosure agreements material transfer and testing agreements collaborative research and development agreements technical services agreements consulting agreements as well as patent and trade secret licensing types of agreements so for each of these different types of agreements you will learn the various business scenario where each type of agreement would be should be utilized and we'll also cover some of the important aspects with regard to the provisions in the agreement and things to look for when negotiating each of the different types of agreements with an outside party the course will also cover how to extract further value from the intellectual property assets that you may own uh in that it will cover creative types of technology licensing efforts that could be used with other entities to gain further value from the intellectual property assets that you own in particular in terms of trade secret assets and patent assets so the course uh again we'll cover uh some of the important uh agreement provisions as well as some of the important negotiation issues involved with each of these different types of intellectual property agreements then once the agreement is put in place with the other entity or party participants will also get a key understanding of how to effectively work with the other party to have a very strong performance in terms of performance under the agreement uh in avoiding any other disputes with the party during the course of performance of the agreement to maximize the interaction and the value obtained when working with another entity or party with regard to uh technology and business development efforts um lastly you'll gain an understanding of how to work effectively with an intellectual property attorney that may represent you during your negotiations uh with the other party in putting together a high quality intellectual property agreement that is suited towards the particular needs of the transaction that you're going to put in place or want to put in place with the other party with regard to the overview of the information that you need no prior knowledge of intellectual property or contracts is required this course is intended as an as an introductory primer as it relates to intellectual property agreements so this the course is structured um as a workshop um in terms of four weeks uh with each week being a one hour session so during uh week one uh we'll start with some introductory um things regarding the an overview of contract and agreement principles and what you need to do to have an enforceable and valid contract then we'll dissect a typical agreement in terms of looking at its major sections and what each of the major sections is intended to accomplish so we'll do an anatomy of an intellectual property agreement and then we'll go through in some detail one of the most prevalent types of intellectual property agreements that's used in technology and business and that is referred to as a confidentiality or non-disclosure agreement so we'll go through an overview of this type of an agreement and how it should be used we'll discuss some of the the most important provisions in this agreement and the importance of those provisions as it relates to negotiation type of issues that you may have in putting this

Thanks for your comment Ulysses Horwich, have a nice day.
- Carl Salon, Staff Member

Comment by Rodrigo

think for a moment about the history of mathematics the rules of arithmetic were created invented discovered many many centuries ago in ancient civilizations in Persia in Greece in Egypt and later in the greatest learning empires Europe was something of a late comer actually to mathematics many Europeans of course benefit from these profound discoveries in mathematics imagine if Europe had to pay licensing fees to these earlier societies how would that have affected Europe's development think of the rules of addition all the rules of a division these are things that you learnt as a child multiplication tables they're driven by algorithms the rules of arithmetic lying behind them algorithms so think of an algorithm of addition for example X plus 0 equals X every day we use that rule we do mental calculations in our head every day trillions of calculations are performed by computers using the algorithm of addition an intellectual property owner could lay claim to an algorithm so the social consequences of creating a private property right in something as important as the algorithms for addition are very very profound welcome to the real news network I'm Lynn fries in Geneva that was a clip from a talk on understanding intellectual property by Peter draw hosts how intellectual property rights got linked to trade is the story of trips current trade deals like the trans-pacific partnership TTIP Sita our trips plus so what strips the most important intellectual property agreement of the 20th century trips was a trade agreement trip stands for trade-related aspects of intellectual property rights a World Trade Organization agreement two keywords being trade related which in one fell swoop integrated intellectual property into the world system of trade and so globalized intellectual property rights on the first of January 1995 trips literally came into force as it criminalized any infringement of its IP standards standards that define knowledge as private property needing criminal protection from theft much like a car trips plus trade deals push harder and further for more and more Peter draw host says the role of free trade agreements is to expand intellectual properties Empire joining us from Australia to explain this story of IP linked to trade is Peter draw host Peter draws is a professor at the Australian National University the school of regulation and global governance he holds a chair in intellectual property Queen Mary the University of London peter draw host is co-author with John Braithwaite of information feudalism who owned the knowledge economy and the award-winning global business regulation welcome Peter thank you and I'm very glad to be here let's start with some big-picture context on trips yes intellectual property or trips was part of a much broader agenda and this agenda had really been laid out by the OECD back in the 1960s and early 1970s in which a lot of these ideas for transforming the world economy were thought about and written about the idea was really to free the world in terms of capital investment so the idea was that capital could move wherever it liked and obtained the most favourable circumstances that it could now the problem with that is that a lot of regulation has to be removed along the way in order for that to happen because obviously not all countries are equally wealthy some countries for example regulate the prices of patents that was something that the pharmaceutical industry was very much opposed to they really wanted unregulated patent prices and of course the effect of that is to raise the price of of medicines so if you are really committed to the idea or of capital moving freely throughout the world without any restrictions the implication for national sovereignty is pretty profound trip's is probably the most significant agreement of the 20th century there were a lot of them but trips really created a global platform for multinationals every country that joins the WTO the World Trade Organization has to comply with trips the trips case study I think is it's it's a it's a it's a very important study in how a trade negotiation fails citizens because it was conducted in secrecy consumers weren't present but even more importantly it was drafted by the corporation's themselves because corporations have a lot of technical expertise they have patent attorneys they have intellectual property lawyers that are advising them and so they were actually able to draft clauses in fact there was an entire draft agreement that was tabled by the intellectual property committee before negotiators in the late 1980s and essentially multinationals from Japan from Europe and from the United States said to our governments this is what we want so it's not just a case of simple lobbying it's a very sophisticated form of global networking in which actual text is produced to influence what is ultimately or what are ultimately public laws so the idea that the power drafts laws that we all have to abide by is something that should worry people in democracies you've written extensively that a corporate elite has played the knowledge game for over a century but wanted to change the rules of the game several decades back and that the appointment of Edmond Pratt to Pfizer as CEO in the 1970s was a key event in making it happen talk about that well I think the Pfizer story is a really interesting story about how one can change the world how individuals can change the world so we often talk about globalization as this abstract thing but what we don't realize is that individuals have important ideas now in the case of Pfizer and Edmund Pratt as well as the consultants that he hired gave him advice their big idea was to stick intellectual property into trade agreements it's a simple but very very powerful idea so the whole significance of this story in a way lies in the fact that individuals change the rules of the game it noble ization is not just an abstract force people make our world and they make it in response to certain values or goals that they have talked about the key players and their agenda key players were the pharmaceutical industry because they were amongst the first companies to internationalize they saw the possibility of markets in poorer countries like India and China but aside from pharmaceutical companies there were also telecommunications companies or what we now broadly understand to be information technology companies because they could see the importance of global markets agricultural companies companies that specialized in related activities like Monsanto but as well automotive or manufacturing companies such as General Electric companies that essentially took out a lot of patents and of course then there were the cultural industries so the movie industry for example where obviously the United States had a lot of important interests because of its very strong motion picture industry so there were a range of industries that came to understand that they would do better if they could strengthen their monopolies it's not that they didn't already have intellectual property rights they did but what they wante

Thanks Rodrigo your participation is very much appreciated
- Carl Salon

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