Common use of IEEE FOUNDATION INTELLECTUAL PROPERTY POLICY Clause in Contracts

IEEE FOUNDATION INTELLECTUAL PROPERTY POLICY. Grants provided by the Foundation may result in the creation of intellectual property (Grant IP) by Grantee. Grantee and the Foundation both recognize that the Grant IP may have value to Grantee, the Foundation, and humanity as a whole. With this in mind, Grantee and the Foundation seek to find the best ways to protect and distribute the Grant IP.