WHAT ARE THE ESSENTIAL ELEMENTS IN AN IP POLICY

ESSENTIAL ELEMENTS IN AN IP POLICY:

• Policy Statement  
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• Objectives  
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• Scope  
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• Explanation on the types of IP Rights  
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• Ownership  
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• Works of Employees  
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• Works of Non-Employees  
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• Subsidiaries and Joint Venture Companies  
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• Undergraduate and Postgraduate research students (for university)  
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• Disclosure of inventions to the organization or employer 
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• Incentives, Award and Reward Schemes, Royalties 
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• Commercial development 
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• Employee & Visitor Obligations 
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• Agreements with third parties 
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• Improvement Patents 
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• First Right of Refusal 
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• Administration