Intellectual property is defined as a method, process or idea developed by an individual or group. It may be protected by the originators or an organization.
Though an employee designs training material, curricula or manuscripts while on the payroll, this intellectual has commercial value which may create an income stream for years to come. Who owns the rights to intellectual property?
If a nonprofit board has failed to define or communicate ownership to employees this can become a source of contention. Periodic review and amendment of bylaws, and polices and procedures are an effective method of bringing clarity, protecting interests and may even create the opportunity for negotiation.
No comments:
Post a Comment