Abstract
OVERVIEW:The number of collaborative research agreements is increasing rapidly. Large high-tech companies are engaging smaller ones, Federal laboratories, universities, international firms, and competitors in ways not dreamed of just five years ago. Central to these collaborations is the need to share proprietary intellectual property (IP) to meet the collaboration's objectives, and to jointly create new IP. Firms face a number of predictable pitfalls as they work to achieve these objectives. However, these pitfalls can be overcome through an open discussion of risk and the linking of agreements to the marketplace and the technical intents of each party.
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