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CIPS L4M6 Exam - Topic 2 Question 75 Discussion

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?
B) Yes- IPR is a valid concern for both parties but will survive the termination of the agreement
A) Yes- IPR should always remain with the buyer- this will protect those rights
C) No- a separate legal agreement should be created to cover IPR
D) No- a contract is not necessary if it is a partnership.

CIPS L4M6 Exam - Topic 2 Question 75 Discussion

Actual exam question for CIPS's L4M6 exam
Question #: 75
Topic #: 2
[All L4M6 Questions]

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?

Show Suggested Answer Hide Answer
Suggested Answer: B

The correct answer is 'Yes- IPR is a valid concern for both parties but will survive the termination of the agreement' (p.112). See the section on 'Legal considerations' in chapter 2.4


by Sylvie at Apr 02, 2026, 09:00 PM

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Carolynn
2 months ago
A separate agreement is better. Contracts can be tricky in partnerships.
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Stephaine
2 months ago
I agree, but both parties need to be covered. Option B makes sense.
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Johnetta
2 months ago
I think IPR should always stay with the buyer. Protects their investment.
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Mozell
2 months ago
IPR can survive termination, so it's a big deal!
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Juliann
2 months ago
Wait, can you really just skip the contract in a partnership?
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Alline
2 months ago
IPR concerns are crucial, especially for long-term projects.
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Catherin
4 months ago
I disagree, a separate agreement makes more sense.
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Lawana
4 months ago
Definitely should include IPR in the contract!
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Rosendo
5 months ago
I thought partnerships were more informal, so I’m leaning towards D, but I guess it depends on the specifics of the partnership.
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Bernardine
5 months ago
I feel like we practiced a question similar to this, and I think a separate agreement for IPR might be safer, so maybe option C?
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Bulah
5 months ago
I'm not entirely sure, but I think option B makes sense since IPR can outlast the partnership itself.
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Kimberlie
5 months ago
I remember discussing how IPR can be a major issue in partnerships, so I think it should definitely be included in the contract.
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