Intellectual property, or IP, is a form of property rights created by law, whether statutory or common law, which confer legally enforceable exclusive rights in economically valuable creations of the human mind. As a Tier 1 research university, our faculty and staff are constantly working to expand human knowledge and understanding, scientific or otherwise, and as a result create an enormous amount of IP each year. It is OTT's mission to transfer IP to the private sector so that useful products may be created from our IP.
Common forms of Intellectual Property at the University are patents, copyrights, and trademarks.
Some lesser known forms of IP that arise from University research are:
Multiple forms of protection might be applicable for the same innovation, for example, computer software source code is automatically protected under copyright as a creative work fixed in a tangible medium of expression (cd-rom, printed on paper, computer hard drive) but may also include a patentable method for solving a particular problem. It is even possible that this same software has been given a unique name to be used commercially, which creates trademark rights as well.
Ownership of University generated IP is governed by the Arizona Board of Regents IP Policy and its University of Arizona implementation. However, research funding may supersede the ABOR or UA policies. For example, many private research funding contracts contain terms that impact IP ownership at the University and the OTT staff spends much of their time researching past funding agreements and their impact on disclosed IP. Generally, federal agency funding contracts are governed by the terms of the Bayh-Dole Act which allows the University to own and exploit inventions created with federal funding. In either case, OTT will review the funding agreements before making an innovation available for licensing.