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Intellectual Property Rights (IPR) include items such as copywrite and trademarks.

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Intellectual Property Rights (IPR) include items such as copywrite and trademarks. A buyer is considering entering into a partnership with their supplier to create a new product which will be released in two years’ time. Should IPR be included into a contract between partners?

A.

Yes- IPR should always remain with the buyer- this will protect those rights

B.

Yes- IPR is a valid concern for both parties but will survive the termination of the agreement

C.

No- a separate legal agreement should be created to cover IPR

D.

No- a contract is not necessary if it is a partnership.

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