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The CRC-P oversees all
intellectual property and commercialisation activities. The (IP) Centre
has a well developed IP management strategy. All existing
relevant IP in the field is identified (with professional
assistance) at the commencement of the projects and new
developments are monitored by the project teams. The IP
generated in the CRC-P will be either protected by patents or
kept as confidential 'know-how'.
The ownership of IP
resides with the CRC-P unless the Board of the Centre approves
other arrangements.
The involved industrial
participant has the first right of refusal to commercialise the
technology in the field and territories that it can effectively
exploit. If they decline the right, the technology will be
offered to other participants, then to the incorporated CRC-P to
exploit. In all cases, the incorporated CRC-P will also
commercialise the Centre's technologies in applications and
markets outside the interests of the user participants. This
may involve the CRC-P inviting end-users interested in pursuing
these wider applications and markets to join the Centre as
participants and jointly undertake these commercialisation
activities. The Centre will require that the companies
commercialising its technologies bear any costs associated with
ongoing patent protection.
In its commercial
arrangements the Centre seeks to ensure that commercialisation
of Centre IP from this project maximises benefits to Australia.
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