Common use of Student and Intellectual Property Rights Clause in Contracts

Student and Intellectual Property Rights. 8.1 Intellectual Property is the product of thought, creativity, and intellectual effort. In the course of their studies at the AECC University College, students may generate Intellectual Property which is of some commercial value. A variety of legal rights protect applications of ideas and information that may be of commercial value. Those most relevant to the University College activities include patents, registered designs, copyright and 'know how'. The law is clear that intellectual property created by staff in the course of their employment belongs to their employer. Any assignment of student Intellectual Property must be done by a specific contract.