IP management scenarios - Scenario sixteen
The collaborative project involves no background, project or third party IP.
If IP is not involved in the collaboration project this toolkit may not be useful. However, while you may not expect to generate any new IP, it is difficult to be certain about this at the beginning of a project.
In order to reduce the risk of disputes or wasting time later, it can be helpful to agree on how any Project IP would be handled if it does arise.
Project IP is not always a registrable right, such as a design or patent – there may be additional IP generated such as plans, reports, photos, software, test results, websites and databases. The IP Toolkit Model Term Sheet encourages parties to identify these and specify who will own them and how each party may need to use them (pages 6 to 7).