Intellectual Property (IP) Protection Policy
Last modified: October 3, 2017
Policy Statement: First and foremost, Regulation Professional is responsible for managing its IP and will strive to extract maximum value from the IP that it develops and co-develops, and to ensure that the chosen IP protection and commercialization strategies support the current and future needs of Regulation Professional.
Exploitation of our IP: IP is a key element to facilitate successful technology commercialization and transfer. The IP will be central to all program design, and Regulation Professional will strive to use the appropriate tool to exploit that IP to maximize the benefit for its shareholders. Regulation Professional will engage with its clients and stakeholders through various types of agreements such as, but not limited to, service agreements, consortium agreements, collaborative research agreements, and license agreements. In certain circumstances, when it is in its best interest, Regulation Professional may agree to transfer or sell its patent rights to a third party. Such arrangements require prior approval from the Shareholders of Regulation Professional.
Protection of IP: Regulation Professional maintains an IP portfolio of technologies (owned and licensed in) that protects Regulation Professional’s freedom to operate and secures competitive advantages for future users of the technology. All arising IP will be promptly disclosed and assessed. The assessment process shall take into consideration various factors such as its relevance to Regulation Professional, Regulation Professional’s clients and commercialization potential. Resulting IP protection strategy will be determined, documented, and implemented. The portfolio of existing IP rights will be re-assessed on a yearly basis to determine its continued relevance to Regulation Professional and to Regulation Professional clients. IP protection tools used by Regulation Professional will include patent, copyright, trade-mark, official marks, industrial designs, software code, software functionality, interface screen design and other legal instruments. Regulation Professional will also use trade-secrets when appropriate.
IP Disclosure Restrictions: Employees, students in training classes, training service providers, software resellers and clients (including prospective resellers and prospective clients evaluating the software, services and support model), must obtain advance approval in writing before disclosing or using any IP shared by Regulation Professional during meetings, demonstrations, document sharing in person or any other means of communication where IP is shared by Regulation Professional. Regulation Professional is entitled to require that all disclosure of the work and results thereof, performed by students as people who work for the Regulation Professional when engaged in research within Regulation Professional facilities or under supervision of an Regulation Professional employee, be done in writing to Regulation Professional and must receive confirmation of receipt to demonstrate transmission of receipt by Regulation Professional.
Enforcement of IP Protection: Regulation Professional will vigilantly enforce its statutory and non-statutory IP rights. While reasonable efforts will be made to resolve issues through discussions and other means such as mediation or binding arbitration, litigation may be employed.
Policy Purpose: The purpose of this document is to provide a clear explanation of major features of Regulation Professional’s IP policy for organizations or individuals interested in purchasing, conducting pre-purchase evaluation of Regulation Professional software or working for Regulation Professional in an employment arrangement. This IP policy applies to all IP Regulation Professional generates and acquires and to all people who work for Regulation Professional. The goals of the IP policy are to:
Ownership: All IP created by people who work for Regulation Professional made by Regulation Professional employees while acting within the scope of their duties or employment or made with facilities, equipment or financial aid provided by or on behalf of the Regulation Professional will vest with Regulation Professional. For inventions, Regulation Professional has full authority to manage, license or sell its rights. The ownership, use rights and positions for background and arising IP for Regulation Professional and its clients will be identified and properly protected in all Regulation Professional contracts.
Last modified: October 3, 2017
Policy Statement: First and foremost, Regulation Professional is responsible for managing its IP and will strive to extract maximum value from the IP that it develops and co-develops, and to ensure that the chosen IP protection and commercialization strategies support the current and future needs of Regulation Professional.
Exploitation of our IP: IP is a key element to facilitate successful technology commercialization and transfer. The IP will be central to all program design, and Regulation Professional will strive to use the appropriate tool to exploit that IP to maximize the benefit for its shareholders. Regulation Professional will engage with its clients and stakeholders through various types of agreements such as, but not limited to, service agreements, consortium agreements, collaborative research agreements, and license agreements. In certain circumstances, when it is in its best interest, Regulation Professional may agree to transfer or sell its patent rights to a third party. Such arrangements require prior approval from the Shareholders of Regulation Professional.
Protection of IP: Regulation Professional maintains an IP portfolio of technologies (owned and licensed in) that protects Regulation Professional’s freedom to operate and secures competitive advantages for future users of the technology. All arising IP will be promptly disclosed and assessed. The assessment process shall take into consideration various factors such as its relevance to Regulation Professional, Regulation Professional’s clients and commercialization potential. Resulting IP protection strategy will be determined, documented, and implemented. The portfolio of existing IP rights will be re-assessed on a yearly basis to determine its continued relevance to Regulation Professional and to Regulation Professional clients. IP protection tools used by Regulation Professional will include patent, copyright, trade-mark, official marks, industrial designs, software code, software functionality, interface screen design and other legal instruments. Regulation Professional will also use trade-secrets when appropriate.
IP Disclosure Restrictions: Employees, students in training classes, training service providers, software resellers and clients (including prospective resellers and prospective clients evaluating the software, services and support model), must obtain advance approval in writing before disclosing or using any IP shared by Regulation Professional during meetings, demonstrations, document sharing in person or any other means of communication where IP is shared by Regulation Professional. Regulation Professional is entitled to require that all disclosure of the work and results thereof, performed by students as people who work for the Regulation Professional when engaged in research within Regulation Professional facilities or under supervision of an Regulation Professional employee, be done in writing to Regulation Professional and must receive confirmation of receipt to demonstrate transmission of receipt by Regulation Professional.
Enforcement of IP Protection: Regulation Professional will vigilantly enforce its statutory and non-statutory IP rights. While reasonable efforts will be made to resolve issues through discussions and other means such as mediation or binding arbitration, litigation may be employed.
Policy Purpose: The purpose of this document is to provide a clear explanation of major features of Regulation Professional’s IP policy for organizations or individuals interested in purchasing, conducting pre-purchase evaluation of Regulation Professional software or working for Regulation Professional in an employment arrangement. This IP policy applies to all IP Regulation Professional generates and acquires and to all people who work for Regulation Professional. The goals of the IP policy are to:
- Provide a framework for disclosing and managing specific pieces of IP;
- Provide a framework for the protection and management of the Regulation Professional’s full portfolio of assets;
- Assure Regulation Professional shareholders that their IP will be kept confidential and protected from unauthorized duplication; and
- Ensure Regulation Professional staff members understand their obligations and responsibilities with respect to IP protection and use.
- The Regulation Professional IP Portfolio is a corporate asset.
- Responsiveness: Regulation Professional will be responsive in meeting the current and future needs of its partners and clients. Regulation Professional will develop, protect, manage and support the commercialization of our portfolio of technologies to maximize user benefits in accordance with the strategic interests of Regulation Professional, and our clients.
- Accessibility: Regulation Professional desires to work in cooperation with other organizations to efficiently provide benefits to our clients.
- Timeliness: Regulation Professional will support the timely transfer of technology created at Regulation Professional for its use and the use of its stakeholders. As such Regulation Professional will put in place practices ensuring that all Regulation Professional employees disclose and assign IP rights in a timely manner allowing for a timely evaluation and appropriate strategic management of the IP.
- Respect: Regulation Professional will, to the best of its capability, respect IP Rights, its own and that of others. Regulation Professional will ensure that its employees understand their obligations and responsibilities with respect to IP protection and use.
- Fairness: Regulation Professional will ensure that its internal and external stakeholders are treated fairly and consistently; respecting rules, regulations and practices associated with the management and exploitation of IP Rights.
Ownership: All IP created by people who work for Regulation Professional made by Regulation Professional employees while acting within the scope of their duties or employment or made with facilities, equipment or financial aid provided by or on behalf of the Regulation Professional will vest with Regulation Professional. For inventions, Regulation Professional has full authority to manage, license or sell its rights. The ownership, use rights and positions for background and arising IP for Regulation Professional and its clients will be identified and properly protected in all Regulation Professional contracts.