Intellectual Property Rights (IPR) include items such as copywrite and trademarks.

Vendor: CIPS
Product: L4M6
Update on: Jan 31, 2026
Questions: 263

CIPS L4M6 Question Answer

Intellectual Property Rights (IPR) include items such as copywrite and trademarks. A buyer is considering entering into a partnership with their supplier to create a new product which will be released in two years’ time. Should IPR be included into a contract between partners?

Yes- IPR should always remain with the buyer- this will protect those rights

Yes- IPR is a valid concern for both parties but will survive the termination of the agreement

No- a separate legal agreement should be created to cover IPR

No- a contract is not necessary if it is a partnership.