Common Contracts

University-Industry Sponsored Research Agreements

August 28th, 2003

• Filed
  August 28th, 2003

Universities and businesses have considerable incentive to cooperate in the development of intellectual property (IP). Businesses recognize universities for their rich talent pool and enthusiastic graduate students, while universities recognize businesses as a source of real- world problems, technical know-how, and funding. There are numerous examples of successful research collaborations in computer science, computer engineering, and electrical engineering. Mindful that some IP such as gene splicing and human growth hormone have produced “IP goldmines,” many university administrators (and some students and faculty) are eager to establish strong safeguards to protect their rights to intellectual property.