Some points that managers can take into consideration when formalizing intellectual property in the context of a partnership are the following: during cooperation and in certain types of licensing agreements, confidential documents and information are transmitted from one party to another. Confidentiality or confidentiality agreements are contracts that govern the disclosure of confidential information by one party to another party and that can be useful in building trust. Kowalski and Krattiger3 state that disclosures can be unilateral, bilateral or multilateral and that confidential information is valuable precisely because it is not known to competitors or the public. Among the main provisions of a confidentiality agreement are: the World Intellectual Property Organization treaty and several other related international agreements have been created with the idea that the protection of intellectual property rights is essential for maintaining economic growth. However, if intellectual property unintentionally creates a monopoly or severely reduces competition, economic growth can stagnate. The determination of intellectual property is being carefully examined in order to avoid potential monopolies and thus support sustainable economic growth. An organization that has entered into a confidentiality agreement must ensure that everyone who has access to confidential information understands that they must keep sensitive information confidential. Interestingly, the issue of PI has also been raised several times in the comments section of a recent Powerlinx article on R&D partnerships. Some LinkedIn members have emphasized the importance of IP to successfully navigate partnerships.
For example, David Lyons, Director of Business Development, Asia Pacific, James Hardie Australia, wrote about the importance of defining IP ownership before signing a partnership agreement: the objective of protecting partners` intellectual property is addressed by collaborative research and development agreements and/or separate intellectual property (IP) agreements. These IP agreements define both the basic IP and the IP, which should be developed by the project activities. An intellectual property transfer agreement gives investors the certainty that the founders have legally transferred to the company the intellectual property necessary for management. A contract follows the agreement between two or more parties. In other words, the form (contract) follows function (deal). . . .