Which of the following statements is typically not true of industry-university joint venture agreements
A) Neither party wants to share the research results.
B) Both parties want to share in any possible financial returns from a resulting patent.
C) The corporation has the objective of obtaining tangible results, such as a patent.
D) Industry-university joint venture agreements are created for the purpose of doing research.

Question

Quizplus · Accepted Answer

Industry-university joint venture agreements are typically formed with both parties interested in sharing research results in order to develop and commercialize new technologies or products. However, in some cases, one or both parties may want to keep certain research results confidential for competitive reasons. Therefore, this statement is typically not true of such agreements.

Which of the Following Statements Is Typically Not True of Industry-University