1. The University of Sydney © 2003 Commercialising Research and Protecting Intellectual Property Kevin W L Croft Deputy Director Business Liaison Office Kevin W L Croft Deputy Director Business Liaison Office

2. The University of Sydney © 2003 What is Intellectual Property? Intellectual Property (IP) is that set of mental creations that have been reduced to some tangible form together with the legal rights which adhere to them.

3. The University of Sydney © 2003 Why do universities commercialise the outcomes of research? So that the outcomes of research are applied for public good; to reward, recruit, and retain faculty and students; to forge closer ties to industry; to promote economic growth; and, to generate income.

4. The University of Sydney © 2003 Research Contract Issues Defining the scope of the research Costs and charges Project management IP management Warranties Limitations of liability

5. The University of Sydney © 2003 IP Licence / Assignment Contract Issues Defining the IP Warranties Fitness Ownership No third party IP infringement Liabilities

6. The University of Sydney © 2003 Extra-contractual Risk Other IP Inventorship IP ownership Employees, Students and Others Disclosure before IP protection Disclosure in the due diligence process Product liability

7. The University of Sydney © 2003 Risk management The Intellectual Property Policy The Invention Disclosure process Reviewing the prior art Monitoring publications Standardisation of contracts Best reasonable endeavours

8. The University of Sydney © 2003 Questions