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If you are an inventor who is looking for help from the University or other potential investors to commercialize your invention, you will likely come across an assignment agreement asking you to transfer ownership of the intellectual property rights associated with your invention in exchange for funding or marketing services.

However, upon reading such an agreement you may also notice that you are being asked to waive your “moral rights” to your invention under the Copyright Act. This may catch you off guard and question whether you are being asked to abandon your moral or ethical principles for the sake of marketing your invention.

Biologics and its landscape in Canada: The pharmaceutical industry is currently a multi-billion dollar industry that continues to grow each year. In Canada, biologics (or biologic drugs) make up about 14% of drug spending at a cost of $3 billion a year. With the expiration of many key patents for top-selling biologics in recent years, the interest in producing ‘generic’ biologics (or “biosimilars”) has increased. Even if you are not concerned about inventing around existing patents, it may still be useful to know how biologics are classified by the Patent Office and the fact that the existence of biosimilars in the drug market significantly lowers the cost of these relatively expensive drugs.

“CRISPR” is often heralded as the breakthrough medical technology of the decade that will revolutionize the biotech and healthcare industry. However, the technology is currently in the midst of a longstanding IP ownership war between MIT/Harvard’s Broad Institute and the University of California-Berkeley. Although this war is between two U.S. entities, there are far-reaching implications for anybody who wishes to use CRISPR, such as the many Canadian researchers and scientists who are eager to accelerate their own research.

What is the value of a secret? The value of some secrets is in their disclosure to the highest bidder, like celebrity gossip and paparazzi photos. Other secrets have a functional value which can be realized indefinitely, like the recipe for Coca-Cola, or a secret manufacturing process that is more efficient than the competitors’. What all secrets have in common, though, is that they lose their value the moment they are inadvertently disclosed.

The value of a secret is in its exploitation. This can be accomplished in two ways: by keeping the secret a secret (and utilizing it), or by disclosing it to someone in exchange for something.

Secrecy is an important part of protecting your intellectual property. As we have discussed previously in “The first rule of inventor fight club…” and “Publishing and patenting“, maintaining the secrecy of your inventions is pivotal to acquiring a patent. In the case of trade secrets, the secrecy itself is the only thing that is maintaining your trade secret’s value. However, sometimes you need to be able to share your secret with others – such as researchers at another institution or external developers. How can you do that without endangering your secret and the future patentability of your invention?