Whose Intellectual Property?

Version 1

    http://www.onlineethics.org/Resources/Cases/prop.aspx

     

    Three Research Assistants nearing graduation discuss setting up a company which would bring their research to commercial fruition.  Their advisor receives funding from the NSF and from an industrial sponsor who might be interested in the commercial aspects.  What are the rights and responsibilities of the students, the professor, the industrial sponsor, and the NSF?