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Consortium agreement

Definition : Consortium agreement

A consortium agreement in the context of intellectual property is a contract that establishes the rules of intellectual property among the parties involved in a joint project. This type of agreement is used to determine how intellectual property rights over research and development results will be shared and exploited among the various partners involved in the consortium.

In an IP consortium agreement, the parties agree on how the research results will be used, who will own the IP rights, and how the rights will be shared or transferred between the consortium partners. Consortium agreements may also include provisions concerning the protection of trade secrets and the confidentiality of information.

These agreements are important because they enable partners to collaborate on a common project while protecting their intellectual property and establishing a clear structure for the management and exploitation of research results. Consortium agreements are particularly common in R&D projects involving companies, universities and research institutes.

It is important to note that the terms and conditions of a consortium agreement in terms of intellectual property can vary considerably from one agreement to another, depending on the nature of the project.