Whose Intellectual Property?
Sal is a graduate research assistant in a laboratory involved
in developing an innovative technology that is of significant commercial interest. Sal is working on this cutting-edge research with two other graduate students, Hal and Val. They are working under the guidance of Professor Love, who has funding from the National Science Foundation (NSF) and an industrial sponsor.
Although the research has yet to reach a stage where it might be commercially viable, the industrial sponsor wishes to be the first company to capitalize on this technology when the research has reached such a stage. The National Science Foundation's interest in sponsoring this project is based on the fact that the project offers a rare opportunity to advance scientific knowledge in an entirely new area.
Sal and his fellow students, Hal and Val, were originally attracted to this project because of the opportunity to be at the forefront of research. Each of them is especially enthusiastic about their work in the laboratory as new discoveries are being made. Professor Love has been very supportive and has provided good guidance on the project. Professor Love stresses the educational value of such an opportunity and is especially pleased with the enthusiasm that the graduate students exhibit.
Sal, Hal, and Val are close friends and they each work on areas of the research that complement one another. They are nearing graduation (to within a semester or two of each other). One Friday evening when they were having their weekly after-work get-together, the topic of discussion turned to matters concerning their professional goals. They decided that they would like to work together and set up a company of their own. What could be a better opportunity for a group of graduate students who work well together than to stay together, and go on in business?
Being engrossed in their research, they can only think of setting up a business that would bring their present research to fruition and into the commercial realm. After all, this is where their expertise lies.
Overall question to answer: Whose intellectual Property is this?
Issues to consider and must address (Don't just answer the questions in sequence! Construct a cohesive, logically layed-out essay answering ALL the questions):
Whose intellectual Property is this? There are three scenarios for this intellectual property ownership first the university... View the full answer