Results of the project

The outcome of most projects will be the Intellectual Property (IP) in the results. A description of different types of intellectual property is available.

The model agreements also cover applying for a patent to protect any patentable invention that results from the project.

Ownership of the IP and the rights to use that IP in the results of the project are key elements of the model agreements because anyone wishing to use the results will have to obtain the permission (licence) of the owner. The owner, in turn, will expect to make a return from the exploitation of the IP.

A licence or right to exploit may be limited in a number of ways; for example, it may be limited to use in a particular area or field of technology.

The licence or right to exploit may be limited to a particular geographical market, for example, the US or European market.

Sometimes the right to use may be exclusive, giving only one party the right to exploit the IP, or it may be non-exclusive, allowing more than one party to exploit it.