The Advisory Council on Intellectual Property has released a discussion paper in relation to a proposed Intellectual Property (IP) Toolkit for collaborations between publicly funded research organisations and the private sector. 
The discussion paper proposes to provide an IP Toolkit for collaboration which includes:
- a model term sheet (information on the terms and conditions of the business agreement involving collaboration and IP);
- a small set of model agreements;
- links to the existing “National Principles of Intellectual Property Management for Publicly Funded Research”;
- other relevant resources.
It is envisaged that the toolkit will be made available and hosted on IP Australia’s website.
Whether or not you think boilerplate agreements and ‘a one size fits all’ approach to managing collaboration relating to Intellectual Property is a good thing or bad thing – you have until 23 May 2014 to make your views known.
If you would like further information or advice in relation to IP agreements, please contact us.