What Are the Key Elements of Nanotechnology Contracts?
Several key elements should be addressed in nanotechnology contracts:
Intellectual Property Rights: Clearly define ownership and usage rights of any IP generated during the collaboration. Confidentiality: Ensure that sensitive information is protected through non-disclosure agreements (NDAs). Funding and Resources: Specify the financial contributions and resources each party will provide. Scope of Work: Clearly outline the objectives, deliverables, and timelines. Liability and Indemnification: Establish who is responsible for any damages or losses incurred.
