Open Innovation IP Rights & More - Key Considerations & Pitfalls

Introduction

The concept of open innovation signifies a shift in the historical approach to research, innovation, and the protection of inventions. This may mean that some IP protections are either immediately withdrawn (depending on the contractual arrangements) or more difficult to achieve or rely on.

This webinar will help you to identify key considerations before commencing a collaborative project and uncover the common pitfalls that can arise when it comes to collaborative projects.

It will look at IP ownership ambiguity, contracting into joint IP, funding requirements, and the challenge of ‘agreeing to agree’ when it comes to commercialisation and use of the project results.

What You Will Learn

This webinar will cover the following:

• The dynamic interplay between open innovation and IP protection as we know it
• Understanding open innovation:
• Defining open innovation
• The contrast to traditional IP protection
• Benefits and challenges of open innovation
• Foundations of intellectual property in open innovation:
• Exploring IP types - patents, trade marks, copyright, designs, trade secrets and confidential information
• Patentability and trade secrecy off the table in the wake of open innovation?
• How do you navigate IP protection in a collaborative environment
• Legal frameworks in open innovation projects:
• Collaborative agreements - joint ventures, consortium agreements, collaborative R&D agreements
• Key legal provisions - ownership, licensing, confidentiality, and the transfer of IP
• Agreements and IP risk mitigation
• Pitfalls in IP ownership and collaborative R&D:
• Identifying ambiguities in IP ownership
• Navigating joint IP challenges - organic and contractual
• Mitigating funding constraints
• Challenges with ‘agreeing to agree’ in respect of commercialisation and licensing models
• IP due diligence in the funding process:
• IP due diligence in investment
• Addressing IP risks in funding agreements - warranties?
• Balancing innovation and legal risks:
• Building robust IP strategies to safeguard innovations
• Encouraging open innovation while ensuring IP protection and business security
• Best practices in collaborative projects

This webinar was recorded on 10th June 2024

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