Across many industries, it is becoming increasingly less common for a single organization to maintain the internal infrastructure and staff for all essential aspects of their business. Many companies are outsourcing even their key business functions and the trend of forming strategic alliances, partnerships and joint ventures in order to commercialize and bring to market new technologies is becoming more commonplace.
This trend is particularly apparent in technology and science industries, whose companies rely upon each other’s expertise in the research and development of new products, ranging from electronic devices to pharmaceutical drug candidates. When entering into any type of collaboration, it is essential to establish the disposition of potential intellectual property that may be developed by the parties at the forefront in order to provide a clear understanding of the parties’ expectations.
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