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Structuring Public–Private Research Partnerships for Success

Empowering University Partners

Gordon Rausser, Holly Amedon and Reid Stevens

As funding for universities and governmental research units has declined, these institutions have turned to the private sector to augment their research and development budgets. This book presents a framework for structuring public-private research partnerships that protect both these institutions’ academic freedom and the private firm’s corporate interests. This formulation is developed using insights originating from the incomplete contracting and collective decision making literatures. The book presents a number of template designs for a variety of research partnerships.
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Appendix: University and government guidelines

Empowering University Partners

Gordon Rausser, Holly Amedon and Reid Stevens

Extract



THIS AGREEMENT is entered into by and between (_______________________ a corporation having powers under the laws of the _______________________ (hereinafter referred to as “Sponsor”) and Cornell University, a non-profit, tax-exempt, educational institution having corporate powers under the laws of the State of New York (hereinafter referred to as “University”).

WITNESSETH:

WHEREAS, the effort contemplated by this Agreement is applied research, which applies the findings of prior research, towards their development into new products, services, processes, or methods; and

WHEREAS, such applied research is of mutual interest and benefit to University and to Sponsor, each a “Party” and collectively “Parties”, and will further instructional and/or research objectives of University in a manner consistent with its status as a non-profit, tax-exempt, educational institution;

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