Just Released: Commercialising Intellectual Property “Joint Ventures”

Organisations must proactively address and manage legal considerations to fully capitalise on the financial opportunities that joint ventures (JV) can offer. Joint ventures typically aim to further develop or commercialise intellectual assets from existing entities, either through a new legal entity or collaborative projects. In these setups, partners will license or assign their intellectual assets for use within the joint venture’s framework. While joint ventures are prevalent across various industrial sectors, they are also increasingly common in the academic sphere. 

Our new fact sheet “Commercialising Intellectual Property: Joint Ventures” focuses on joint ventures and highlights practical and legal considerations, particularly regarding the ownership and exploitation of intellectual property (IP). It also highlights the IP in the lifecycle of joint ventures by stages namely, Pre-contractual stage (before the signature of the joint venture agreement), Contractual (signing a joint venture agreement), Implementation (fulfilment of the JV contractual obligations) and Termination (end of the JV contractual obligations).