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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?
Suggested Answer: B
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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
12 comments · newest first
CA
Carolynn
4 months ago
A separate agreement is better. Contracts can be tricky in partnerships.
ST
Stephaine
4 months ago
I agree, but both parties need to be covered. Option B makes sense.
JO
Johnetta
4 months ago
I think IPR should always stay with the buyer. Protects their investment.
MO
Mozell
4 months ago
IPR can survive termination, so it's a big deal!
JU
Juliann
4 months ago
Wait, can you really just skip the contract in a partnership?
AL
Alline
4 months ago
IPR concerns are crucial, especially for long-term projects.
CA
Catherin
6 months ago
I disagree, a separate agreement makes more sense.
LA
Lawana
6 months ago
Definitely should include IPR in the contract!
RO
Rosendo
7 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.
BE
Bernardine
7 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?
BU
Bulah
7 months ago
I'm not entirely sure, but I think option B makes sense since IPR can outlast the partnership itself.
KI
Kimberlie
7 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.