Biotechnology legal issues involved in technology transfer and new Assignment

Biotechnology legal issues involved in technology transfer and new venture formation - Assignment Example Another legal issue is the registration of the patents or the transfer of the patents’ ownership with the Office of Intellectual Property in the relevant jurisdiction. Contracts will also have to be drawn up between Bio Vacc Ptty Ltd and RMIT for the vaccine project and between Bio and Protein Solutions and Firefly Australia with respect to their joint ventures. Contracts of employment or simple contracts including confidentiality covenants will also be necessary with respect to the students involved in research. This paper examines the various legal issues involved in the transfer of technologies in the arrangements spearheaded by Bio Vacc with a view to accommodating the interests of the parties and any other relevant stakeholders particularly with reference to the patents involved. This is necessary as the parties to the arrangements are only some of the important stakeholders. Other stakeholders who are not parties to the arrangements may have interests that conflict with the commercial and/or scientific interests of the contracting parties.1 The Consequences of the Spin-off A spin-off is the creation of a new organization which is founded on the resources of the parent company or organization.2 This means that the Bio Vacc is essentially a new and independent organization that originated from RMIT. To put it another way, RMIT is commencing a new venture formation via Bio Vacc. The parent company which is RMIT in this case typically forms the new company which is Bio Vacc in this case, to facilitate technology transfer.3 Four legal issues are involved in this spin-off process. First there is the rights and obligations of the parent organization that transfers the technology (patents). Secondly, there is the stage where the technology transfer can actually start. Thirdly, the rights and obligations of the spin-off company that is attempting to form a new venture out of the technology. Finally there are the rights and obligations of the investor who pr ovides funding.4 The roles of each of the actors are best understood by the definition of spin-offs. To this end, Boehm defines a spin-off as: A new company formed (1) by individuals who were former employees of a parent organization, and (2) which is based on a core technology that is transferred from the parent organization.5 In the context of a university spin-off, Boehm describes the spin-off as a founded by a former member of the faculty, or staff member, or even a student who departs from the university for the purpose of starting an organization or starting a company while â€Å"still affiliated with the university†.6 The university spin-off may also be a â€Å"technology or technology-based idea development within the university†.7 The main legal issues are therefore the limits and extent of the use of new technology for the new venture formed by Bio Vacc. In this case the new technology is the two vaccine patents. A second legal issue is the limits and extent to which university research members will participate in the new venture of Bio Vacc. Bio Vacc is essen

Special Interests Essay Example | Topics and Well Written Essays - 1750 words - 1

Special Interests - Essay Example These interest groups lobby around with the help of their members who are a part of the several legislative organizations (Jaatinen, 1998). Their role is proactively driven towards the political parties for whom they wish to serve in the long run. These interest groups do their utmost to elect politicians who have a good enough idea of their related cause and have the right kind of empathy for their settings. These interest groups recruit individuals who can have hidden and on other occasions, propaganda movements which might be quite extrovert in nature. One needs to know that many interest groups exist within any society in this day and age. These include the different economic groups which have within them the various chambers of commerce, the trade unions and a few factions that belong to the religious groups. Also the professional interest groups comprise within them the doctors, lawyers, business people, architects and skilled workers. The public interest groups focus more towa rds the environment and look after the issues which plague the people more than anything else, on a one to one level. The aim here is to provide people with benefits as much as possible. Then there are the special interest groups which are part of the subgroups that are formed within larger groups and where the main focus is upon a narrow interest area. The need is to know that these interest groups are very different from the pressure groups. Since these interest groups have a proper definition of their intentions and mission, their supporters take a stance for these interest groups at every level and on all forums. The ones who support it are of the view that these interest groups depict what others should feel about their own selves and the community that they are a vital part of. Many individuals believe that these interest groups have a hidden agenda behind their institution which may not be right. Quite a few eyebrows are raised when one questions their existence and formation . The need is to discern some interest groups that have made their mark throughout the world over the years. These include the NEA which has been a proactive supporter of educational professionals and has done immense work at raising the standards of these people over the years. Then there is the example of NAACP which guarantees that social, political, educational and economic equality of rights of the people are there and also to remove hatred and discrimination which crops up in the name of race (Blom, 2006). The role of these interest groups is important to understand and more so in the times much like today. This is because they pinpoint the critical issues which make their mark within a society, for good or for bad. They shift public opinions in a positive way which is an essential aspect of their formation in the first place. If people connect with these interest groups well, then their roles are magnified and purposes are served well. If this does not happen, then there are immensely significant concerns which must be taken care of, and the sooner it happens the better it will be for people within any society of the world where these interest groups exist and make their essential mark within the lives of the people. 2. Discuss the relationship between interest groups and political parties. The linkage that has come about between the interest groups