A Refinery Application Example for Lessons Learned from Incident Investigations

As industries grow and technology develops, companies look to every potential avenue to gain and maintain a competitive advantage in the marketplace. One way of doing this is to enter into joint ventures with other companies. Joint ventures allow companies to combine forces to bring a product or service to the market, often in ways neither company has done before. Critical to the success of a joint venture is the sharing of ideas between the different companies. And while in many instances joint ventures go smoothly with no issues between the parties, everyone should be prepared to discuss the handling and ownership of intellectual property (IP) shared or developed during the pendency of the joint venture.

This presentation will provide an overview of the basics of IP, the IP risks of joint ventures, the protection and maintenance of IP during a joint venture, important considerations relating to ownership of IP developed during a joint venture, and other considerations for companies entering into joint ventures. Speakers will also highlight case studies addressing joint ventures and whether the companies took sufficient precautions.