Collaborations for innovation are often established relatively quickly in pursuit of a commercial advantage. In this video recorded for Practical Law, Jonathan Turnbull and Rachel Montagnon share advice on managing such arrangements to maximise the likelihood of a successful outcome for all parties and in particular establishing the ownership, management and use of the IP involved.
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Setting your objectives and understanding those of your collaborator.
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Identifying the intellectual property that is being shared and, as it is generated, ensuring clarity over its ownership and use (background and foreground IP).
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Agreeing what will happen at the end of the collaboration, particularly to avoid disputes.
Watch the video here (available to Practical Law subscribers along with a transcript).
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