Inventions, Discoveries and Patents. [The language in this Section protects both Parties’ background intellectual property. For most company-sponsored clinical trials, Sponsors require ownership of any Inventions (as defined in Section 8.2) that arise from their study. This stance deviates from the position most academic institutions take on intellectual property. An academic institution typically wants to retain ownership of any Inventions resulting from its conduct of the Study based on the Principal Investigator’s knowledge and expertise, and the role that the Principal Investigator played in making an Invention in the course of the Study. In addition, because budgets are often not adequate to truly cover the academic institution’s cost for conducting the Study, any royalties resulting from Inventions created during the research often help to support additional research efforts by the Institution.
Appears in 3 contracts
Sources: Accelerated Clinical Trial Agreement, Accelerated Clinical Trial Agreement, Accelerated Clinical Trial Agreement